Maybank issues maiden RM1bil Islamic sukuk
Maybank Islamic Bhd issued its maiden Tier 2 Capital Islamic subordinated sukuk of RM1bil.
The subordinated sukuk, which is based on the Islamic principle of musyarakah, was rated AA+IS (outlook stable) by Malaysian Rating Corp Bhd and carried a tenure of 10 years from the issue date on a 10 non-callable five basis. It is lead arranged by Maybank Investment Bank Bhd.
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