Maybank completes sukuk issuance

The sukuk has been accorded a rating of AA1 with a “stable” outlook by RAM Rating Services.

PETALING JAYA: Malayan Banking Bhd (Maybank) has completed the issuance of RM4.8bil in aggregate nominal value of tier-two subordinated sukuk murabahah under its RM30bil sukuk programme.

The issuance, completed yesterday, comprises four series with maturities ranging from 10 to 17 years.