Skip to main content

Advertisement

Advertisement

Business

Malaysia's Maybank triples size of sukuk programme to US$7.1 billion

Malaysia's Maybank triples size of sukuk programme to US$7.1 billion

People following social distancing measures wait in line to use ATM machines at a Maybank branch in Kuala Lumpur, amid the coronavirus disease (COVID-19) outbreak in Kuala Lumpur, Malaysia September 9, 2020. REUTERS/Lim Huey Teng/Files

KUALA LUMPUR : Malayan Banking Bhd (Maybank) has expanded its 10-billion ringgit sukuk programme to up to 30 billion ringgit (US$7.12 billion) in nominal value, it said in a stock exchange filing on Thursday.

The bank said it had on June 30 expanded the Islamic bond programme established in 2016, revising certain terms and conditions to reflect amendments consequential to the expansion, and incorporating updates to comply with latest securities guidelines.

Maybank also said it had completed the issuance of a 10-year 3 billion ringgit subordinated sukuk murabahah under the expanded sukuk programme on Thursday. (US$1 = 4.2150 ringgit)

(Reporting by Liz Lee; Editing by Kevin Liffey)

Source: Reuters

Advertisement

Also worth reading

Advertisement