SINGAPORE: AMMB Holdings Bhd
, Malaysia’s fifth largest lender, said its syariah-compliant unit would issue up to RM3bil of Islamic bonds, the first sukuk from East Asia structured to meet the capital requirements of Basel III.
AmIslamic Bank’s sukuk would fund working capital and boost Tier-2 capital reserves at the bank, AMMB said in a statement.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
