Issuance of 10 non-callable 5 year Islamic Subordinated Sukuk ("US$ Subordinated Sukuk")

Apr 19, 2007 Back
Type Announcement
Subject Issuance of 10 non-callable 5 year Islamic Subordinated Sukuk ("US$ Subordinated Sukuk")

Contents :

Further to the announcement by Malayan Banking Berhad ("Maybank") on 11th April 2007, Aseambankers Malaysia Berhad on behalf of Maybank is pleased to announce that Maybank had successfully priced its US$300 million Subordinated Sukuk.

The offering received an overwhelming response from international investors across Asia, Middle East and Europe resulting in oversubscription by more than 7 times.

The issuer for the transaction is MBB Sukuk Inc., a special purpose vehicle incorporated in Labuan. The US$ Subordinated Sukuk was structured on a 10 non-call 5 basis and will qualify as Tier-2 capital for Maybank.

This announcement is dated 19th April 2007.


Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 19 Apr 2007  
Category General Announcement
Reference No CU-070419-66568