MBSB Bank's maiden RM300mil sustainability sukuk wakalah issuance oversubscribed by 10 times

  • Banking
  • Thursday, 14 Apr 2022

KUALA LUMPUR: MBSB Bank Bhd has successfully priced its RM300mil sustainability sukuk wakalah offering under its RM5bil sustainability sukuk wakalah programe with a final order book of RM2.9bil, giving the transaction an order bid to cover ratio of 10 times.

In a statement, the lender said the overwhelming demand for the offering, which was priced on April 4, allowed the pricing to be further tightened by 30 points across the tenures from the high end of the initial price guidance.

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