KUALA LUMPUR: UOB Malaysia has established its inaugural RM5bil Islamic debt programme, under the Shariah principle of Wakalah Bi Al-Istithmar and the successful pricing of its debut RM500mil Basel III-compliant Tier 2 subordinated Islamic medium term notes (Tier 2 Sukuk Wakalah).
In a statement, the bank said the Islamic debt offering received an overwhelming response from the market and was oversubscribed by about 3.39 times.
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