(a)

Issuer

Malayan Banking Berhad 

(b)

Issue Date

29 May 2025

(c)

Series No.

011

(d)

Nominal Amount

RM750.0 million

(e)

Tenure

12 years on a 12 non-callable 7 basis

(f)

Maturity Date

29 May 2037

(g)

Call Date

Callable on the seventh (7th) anniversary date from the Issue Date and on every periodic profit payment date thereafter with the first call date on 28 May 2032

(h)

Yield-to-Maturity 

3.84% per annum

(i)

Details on Utilisation of Proceeds

The proceeds from the Subordinated Sukuk Murabahah issued under the Sukuk Programme will be applied for the following Shariah-compliant purposes:

(i) to fund the Issuer’s investments in Ringgit-denominated and foreign currency-denominated Islamic financial instruments approved by Bank Negara Malaysia’s Shariah Advisory Council or the Securities Commission Malaysia’s Shariah Advisory Council;

(ii) funding of Islamic business activity of Maybank’s subsidiaries and overseas branches; and

(iii) any other Shariah-compliant business activities of the Issuer,

where the returns from such investments shall be used for the Periodic Profit Payment of the Subordinated Sukuk Murabahah.

In addition, any such returns with an amount higher than the Periodic Profit Payment (at that point in time) can be used for purposes as per items (i), (ii) and (iii) of this section (Utilisation of Proceeds). 

(j)

Rating 

AA1 / Stable by RAM Rating Services Berhad

(k)

Periodic Payment Period

Semi-annual