Bank Pembangunan’s RM1.25b Sukuk gets positive response

Bank Pembangunan Malaysia Bhd president/group chief executive officer, Arshad Mohamed Ismail said the successful second issuance under its Sukuk Wakalah programme reflected the market confidence in its strong fundamentals and strategic direction.

KUALA LUMPUR: Bank Pembangunan Malaysia Bhd’s (BPMB) RM1.25bil Sukuk Wakalah received positive response from diversified investors during its book-building exercise.

“BPMB surpassed its initial target issue size of RM750mil and registered a final order book of RM3.34bil translating into a total bid-to-cover (BTC) of 4.45 times (pre-upsizing) and 2.67 times (post-upsizing), ” it said in a statement on Tuesday.