Strong demand for Agrobank’s first RM500m Sukuk

The covering president/ chief executive officer of Agrobank, Khadijah Iskandar said: "The issuance will enable the industry to realise the benefits from raising capital through the issuance of these instruments as a cost efficient and non-dilutive capital raising solution that lowers the cost of capital.”

KUALA LUMPUR: Agrobank successfully priced its inaugural RM500mil Sukuk Wakalah programme based on the Islamic principle of Wakalah Bi Al-Istithmar on Oct 18.

In a statement on Wednesday, it said after the successful lodgment of the RM1bil Sukuk Wakalah programme with the Securities Commission in August this year, the bank went ahead with its maiden foray into the capital markets where it received resounding support from the market.