KUALA LUMPUR, Aug 28 (Bernama) -- Malayan Banking Bhd (Maybank) has completed the issuance of RM1.8 billion in subordinated Sukuk Murabahah under the RM30.0 billion Sukuk programme.
Maybank said in a Bursa Malaysia filing today that the proceeds from the subordinated Sukuk Murabahah will be applied for Shariah-compliant purposes.
Specifically, to fund the issuer’s investments in ringgit-denominated and foreign currency-denominated Islamic financial instruments approved by Bank Negara Malaysia’s Shariah Advisory Council or the Securities Commission Malaysia’s Shariah Advisory Council.
“Also, funding of Islamic business activity of Maybank’s subsidiaries and overseas branches; and any other Shariah-compliant business activities of the issuer,” it said.
The RM1.8 billion subordinated Sukuk Murabahah will qualify as Tier 2 capital of Maybank in accordance with Bank Negara Malaysia’s Policy Document on Capital Adequacy Framework (Capital Components) issued on June 14, 2024.
The tenure of the subordinated Sukuk Murabahah is 12 years on a 12 non-callable 7 basis, while the maturity date is Aug 28, 2037.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
