IslamicFinance.de

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.

Gulf Investment Corp GSC Kuwait (GIC) has issued its maiden local currency sukuk yesterday, making it the first Gulf Cooperation Council (GCC) issuer in the Malaysian sukuk market.
The RM600mil sukuk is an inaugural issue from GIC’s RM3.5bil sukuk medium-term note programme.
The Royal Bank of Scotland Bhd (RBS) is the sole principal adviser and sole lead arranger. RBS also acted as joint lead managers and joint bookrunners alongside Maybank Investment Bank Bhd.