| Type | Announcement |
| Subject | OTHERS |
| Description |
REVISION OF THE SUKUK PROGRAMME OF UP TO RM10.0 BILLION IN NOMINAL VALUE ("SUKUK PROGRAMME") AND ISSUANCE OF ISLAMIC ADDITIONAL TIER 1 CAPITAL SECURITIES BASED ON THE SHARIAH PRINCIPLE OF MUDHARABAH ("AT1 SUKUK MUDHARABAH") OF RM 2.8 BILLION IN NOMINAL VALUE ("RM2.8 BILLION AT1 SUKUK MUDHARABAH") BY MAYBANK PURSUANT TO THE SUKUK PROGRAMME. |
|
We refer to our earlier announcement dated 14 December 2016 in relation to the establishment of the Sukuk Programme under which Maybank may issue senior Sukuk (“Senior Sukuk Murabahah”) and/or subordinated Sukuk (“Subordinated Sukuk Murabahah”) based on the Shariah principle of Murabahah (via Tawarruq arrangement). |
|
On behalf of Board of Directors of Maybank, Maybank Investment Bank Berhad wishes to announce that Maybank had, on 27 August 2019, revised the Sukuk Programme mainly to incorporate the terms and conditions of the AT1 Sukuk Mudharabah into the Sukuk Programme (“Incorporation of AT1 Terms”) to allow for the issuance of AT1 Sukuk Mudharabah thereunder. The Incorporation of AT1 Terms was approved by Bank Negara Malaysia (“BNM”) via its letter dated 7 August 2019.
Maybank had, on 24 July 2019, obtained the confirmation from RAM Rating Services Berhad that, amongst others, the Incorporation of AT1 Terms would not have any impact to the rating assigned to the Senior Sukuk Murabahah and Subordinated Sukuk Murabahah.
On behalf of the Board of Directors of Maybank, we are also pleased to announce that Maybank has, on 25 September 2019, completed the issuance of the RM2.8 billion AT1 Sukuk Mudharabah under the revised Sukuk Programme.
The details of the issuance of the RM2.8 billion AT1 Sukuk Mudharabah, consisting of two (2) separate Series, are summarised as follows:
On behalf of Board of Directors of Maybank, Maybank Investment Bank Berhad wishes to announce that Maybank had, on 27 August 2019, revised the Sukuk Programme mainly to incorporate the terms and conditions of the AT1 Sukuk Mudharabah into the Sukuk Programme (“Incorporation of AT1 Terms”) to allow for the issuance of AT1 Sukuk Mudharabah thereunder. The Incorporation of AT1 Terms was approved by Bank Negara Malaysia (“BNM”) via its letter dated 7 August 2019. Maybank had, on 24 July 2019, obtained the confirmation from RAM Rating Services Berhad that, amongst others, the Incorporation of AT1 Terms would not have any impact to the rating assigned to the Senior Sukuk Murabahah and Subordinated Sukuk Murabahah. On behalf of the Board of Directors of Maybank, we are also pleased to announce that Maybank has, on 25 September 2019, completed the issuance of the RM2.8 billion AT1 Sukuk Mudharabah under the revised Sukuk Programme. The details of the issuance of the RM2.8 billion AT1 Sukuk Mudharabah, consisting of two (2) separate Series, are summarised as follows:
This announcement is dated 25 September 2019.
| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 25 Sep 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-25092019-00066 |