<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 4): Public Bank Bhd (KL:<a href="/askedge/klse/1295" class="ce-stock" target="_blank">PBBANK</a>) has established a RM20 billion Islamic medium-term notes (sukuk murabahah) programme, allowing the bank to issue senior and subordinated sukuk from time to time.</p></div>

<div class=newsTextDataWrapInner><p>In a Bursa Malaysia filing on Wednesday, the country's third-largest bank by total assets said it had lodged the necessary documents with the Securities Commission Malaysia (SC) through its wholly owned subsidiary Public Investment Bank Bhd.</p></div>

<div class=newsTextDataWrapInner><p>The programme will have a tenure of 30 years from the date of the first sukuk issuance.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>RAM Rating Services Bhd has assigned preliminary long-term ratings of AAA to the senior sukuk and AA1 to the subordinated sukuk.</p></div>

<div class=newsTextDataWrapInner><p>Public Investment Bank has been appointed as the principal adviser, lead arranger and lead manager for the programme.</p></div>

<div class=newsTextDataWrapInner><p>At Wednesday's close,&nbsp;Public Bank's shares are down 4 sen or 0.83% to RM4.77, valuing the group at RM92.6 billion.</p></div>


Public Bank Bhd (KL:PBBANK) has established a RM20 billion Islamic medium-term notes (sukuk murabahah) programme, allowing the bank to issue senior and subordinated sukuk from time to time.

Public Bank sets up RM20 bil 30-year sukuk programme

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