KUALA LUMPUR (Aug 5): Malayan Banking Bhd (Maybank) has upsized its RM10 billion sukuk murabahah programme established in 2016 to up to RM30 billion.
It has completed the issuance of RM3 billion sukuk under the programme, the banking group said in a stock exchange filing.
Maybank said it has obtained confirmation from RAM Rating Services Bhd that the upsizing and the related revisions will not affect the ratings of the senior sukuk murabahah, subordinated sukuk murabahah and AT1 sukuk mudharabah issued under the programme.
The upsizing was approved by Bank Negara Malaysia on April 6, while the lodgement with the Securities Commission was made on June 30, the group said.
Meanwhile the RM3 billion issuance was executed today. The issuance comes with an AA1 rating, an initial profit rate of 3.41%, and has a 10-year tenure ending Aug 5, 2031.
It is callable on the fifth anniversary date from the issue date and on every periodic profit payment date thereafter with the first call date on Aug 5, 2026.
Shares of Maybank rose 3 sen or 0.37% to RM8.04, valuing the group at RM94.01 billion.