BPMB president and group chief executive officer Arshad Mohamed Ismail(pic) 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 of 4.45 times (pre-upsizing) and 2.67 times (post-upsizing), ” it said in a statement.
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