UOB Malaysia places out Exsim's RM300mil Islamic medium-term notes

UOB Malaysia deputy chief executive officer Ng Wei Wei

KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) has successfully priced and placed out EXSIM’s issuance of four-year RM300 million Islamic medium-term notes (IMTN) at a fixed profit rate of 5.1 per cent per annum.

In a statement, UOB Malaysia said this issuance is the third tranche of the property developer’s RM2 billion Sukuk Musharakah Programme that monetises the future earnings of its green residential development in the Klang Valley.