Another successful SME Bank sukuk issuance

SME Bank group president and chief executive officer Datuk Aria Putera Ismail

ON the back of the current challenging environment, Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) has successfully recorded another sustainability sukuk issuance under its book-building exercise, registering a total order of RM536mil which exceeded the initial desired size of RM300mil.

Group president and chief executive officer Datuk Aria Putera Ismail in a statement said: “Amidst the challenging market and profit rate hike situation, SME Bank’s sustainability sukuk is successfully priced at a competitive profit rate of 4.04%.