Bank Islam chief executive officer Mohd Muazzam Mohamed said the RM10 billion sukuk had seen the tranche of RM300 million on November 7, 2018, followed by the second tranche of RM400 million on March 26 this year.NSTP/ASYRAF HAMZAH
KUALA LUMPUR: Bank Islam Malaysia Bhd has today issued the third tranche of RM700 million subordinated sukuk under its RM10 billion Sukuk Murabahah programme.
This is the second sukuk issuance by Bank Islam this year.
Bank Islam said the sukuk was redeemable at its full nominal value upon maturity, available with a call option on its fifth anniversary.
RAM Rating Services Bhd has reaffirmed a final long-term rating of `A1/stable` and `AA3/stable` to the subordinated sukuk and the earlier senior Sukuk Murabahah respectively.
Bank Islam chief executive officer Mohd Muazzam Mohamed said the RM10 billion sukuk had seen the tranche of RM300 million on November 7, 2018, followed by the second tranche of RM400 million on March 26 this year.
"Historically, Bank Islam established our first Sukuk Programme in the form of Subordinated Sukuk Murabahah Programme of RM1.0 billion in three tranches in October 2014.
"The bank issued the first tranche of RM300 million in April 2015, the second tranche of RM400.0 million in December 2015 and the third tranche of the programme amounting to RM300.0 million in November 2017," he added. https://www.nst.com.my/business/2020/10/634137/bank-islam-issues-rm700mil-sukuk-under-rm10bil-sukuk-murabahah-issuance
By New Straits Times
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