Bank Islam issues RM1bil senior Sukuk Murabahah

KUALA LUMPUR: Bank Islam Malaysia Bhd has successfully issued RM1bil senior sukuk Murabahah under its RM10bil sukuk Murabahah programme in nominal value (sukuk Murabahah programme).

The bank, in a statement, said the issuance of the senior sukuk Murabahah received an overwhelming response from investors, with a bid-to-cover ratio of over 3.2 times the issuance size after the upsizing from RM500mil.