KUALA LUMPUR: Maybank Islamic Bhd's maiden Basel III-compliant Tier 2 capital subordinated Sukuk Murabahah was increased from RM1bil to RM1.5bil due to the strong demand from investors.
Maybank Investment Bank Bhd, which is the lead arranger and lead manager for the subordinated Sukuk programme, said on Tuesday the offering was priced at 4.75% and it was over subscribed 2.9 times.
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