We refer to our earlier announcement dated 14 December 2016 in relation to the establishment of the Sukuk Programme and the announcement dated 25 September 2019 in relation to the revision of the Sukuk Programme.

On behalf of the Board of Directors of Malayan Banking Berhad (“Maybank”), Maybank Investment Bank Berhad wishes to announce that Maybank had, on 30 June 2021, upsized the Sukuk Programme from up to RM10.0 billion in nominal value to up to RM30.0 billion in nominal value (“Upsizing of the Sukuk Programme”) and revised certain terms and conditions of the Sukuk Programme mainly to:

(1)        reflect the amendments consequential to the Upsizing of the Sukuk Programme;

(2)        update the references to the latest version of the relevant guidelines; and

(3)        incorporate relevant updates introduced under the relevant guidelines, which include the incorporation of an additional enforcement event for each of the Subordinated Sukuk 

            Murabahah and the AT1 Sukuk Mudharabah to comply with the requirements under the Securities Commission Malaysia’s (“SC”) Guidelines on Trust Deeds revised on 23 July

            2020 (“Incorporation of Additional Enforcement Event”),

(collectively, the “Revisions”).

The Upsizing of the Sukuk Programme has been approved by Bank Negara Malaysia (“BNM”) via its letter dated 6 April 2021. Maybank had, on 3 March 2021, obtained the confirmation from RAM Rating Services Berhad that, amongst others, the Upsizing of the Sukuk Programme and the Incorporation of Additional Enforcement Event will not affect the ratings of the Senior Sukuk Murabahah, the Subordinated Sukuk Murabahah and the AT1 Sukuk Mudharabah issued under the Sukuk Programme. The lodgement with the SC in relation to the Sukuk Programme (reflecting the Upsizing of the Sukuk Programme and the Revisions) has been made on 30 June 2021.

On behalf of the Board of Directors of Maybank, we are also pleased to announce that Maybank has, on 5 August 2021, completed the issuance of the RM3.0 billion Subordinated Sukuk Murabahah under the upsized Sukuk Programme.

The issuance details are summarized as follows:

The RM3.0 billion Subordinated Sukuk Murabahah will qualify as Tier 2 capital of Maybank in accordance with BNM’s guidelines on Capital Adequacy Framework (Capital Components) issued on 9 December 2020.

This announcement is dated 5 August 2021.