UOB Malaysia successfully prices Tier 2 Sukuk Wakalah


UOB Malaysia chief executive officer Ng Wei Wei

KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) has priced its RM750mil Basel III-compliant Tier 2 subordinated Islamic medium-term notes (Tier 2 Sukuk Wakalah) on June 19.

In a statement, the bank said the issuance is part of its RM5bil Sukuk Wakalah Programme, established in January 2024 under the Shariah principle of Wakalah Bi Al-Istithmar.

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UOB Malaysia , Sukuk Wakalah , MGS , Ng Wei Wei

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