Issuance Of Tier 2 Subordinated Sukuk Murabahah Of RM1.8 Billion In Nominal Value ("RM1.8 Billion Subordinated Sukuk Murabahah") Under The Sukuk Programme Of Up To RM30.0 Billion (Upsized From RM10.0 Billion) In Nominal Value ("Sukuk Programme")

Aug 28, 2025 Back
Type Announcement
Subject OTHERS
Description ISSUANCE OF TIER 2 SUBORDINATED SUKUK MURABAHAH OF RM1.8 BILLION IN NOMINAL VALUE ("RM1.8 BILLION SUBORDINATED SUKUK MURABAHAH") UNDER THE SUKUK PROGRAMME OF UP TO RM30.0 BILLION (UPSIZED FROM RM10.0 BILLION) IN NOMINAL VALUE ("SUKUK PROGRAMME")

We refer to our earlier announcement dated 14 December 2016 in relation to the establishment of the Sukuk Programme, the announcement dated 25 September 2019 in relation to the revision of the Sukuk Programme and the announcement dated 5 August 2021 in relation to the upsizing and further revision to the Sukuk Programme.

 

On behalf of the Board of Directors of Maybank, Maybank Investment Bank Berhad is pleased to announce that Maybank has, on 28 August 2025, completed the issuance of the RM1.8 billion Subordinated Sukuk Murabahah under the Sukuk Programme.

 

The issuance details are summarized as follows: 

 

  (a)

Issuer

Malayan Banking Berhad
  (b)

Issue Date

28 August 2025

  (c)

Series No.

012
  (d)

Nominal Amount

RM1.8 billion
  (e)

Tenure

12 years on a 12 non-callable 7 basis
  (f)

Maturity Date

28 August 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 27 August 2032.
  (h)

Yield-to-Maturity          

 3.85% 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.

 

 

The RM1.8 billion Subordinated Sukuk Murabahah will qualify as Tier 2 capital of Maybank in accordance with Bank Negara Malaysia’s Policy Document on Capital Adequacy Framework (Capital Components) issued on 14 June 2024.

 

This announcement is dated 28 August 2025. 

Announcement Info

Company Name MALAYAN BANKING BERHAD
Stock Name MAYBANK
Date Announced 28 Aug 2025
Category General Announcement for PLC
Reference Number GA1-28082025-00094