Maybank, UOB to jointly underwrite RM2bil Islamic facility for Malayan cement

KUALA LUMPUR: Maybank Investment Bank and United Overseas Bank (Malaysia) Bhd (UOB Malaysia) have been appointed as the underwriters and bookrunners, on an equal basis, for a RM2.0 billion Islamic facility granted to Malayan Cement Bhd (MCB).

The facility will fund MCB’s acquisition of 10 companies in the cement and ready-mixed concrete sector in Malaysia from its parent company, YTL Cement Bhd, the banks said in a joint statement today.