Bank to set up Sukuk programme

(From left) Imtiaz II Sukuk Bhd director Sharon Yam Kwai Ying, Bank Rakyat acting chairman Abd Rani Lebai Jaafar, Wan Junaidi, Fad’l and Huray.

BANK Rakyat is establishing its Sukuk Wakalah Programme of up to RM10bil in nominal value through a special purpose company, Imtiaz Sukuk II Bhd.

Maybank Investment Bank Bhd is the principal adviser and lead arranger for the 30-year Sukuk Wakalah Programme.