By Chester Tay

RHB Bank Bhd. said Friday that it plans to raise up to 10.0 billion ringgit ($2.40 billion) by issuing Islamic bonds.

Proceeds from the multi-currency sukuk program will be used for working capital, general banking purposes of Islamic business activity and to refinance or redeem Islamic financing facilities, the banking group said.

RHB Investment Bank Bhd. is the principal adviser, lead arranger and lead manager for the program and RHB Islamic Bank Bhd. is the Shariah adviser. 



  Write to Chester Tay at chester.tay@wsj.com