(a)

Issuer

Malayan Banking Berhad

(b)

Issue Date

31 January 2019

(c)

Nominal Amount

Series 002: RM 2.0 billion

Series 003: RM 1.7 billion

(d)

Tenure

Series 002: 10 years on a 10 non-callable 5 basis

Series 003: 12 years on a 12 non-callable 7 basis

(e)

Maturity Date

Series 002: 31 January 2029

Series 003: 31 January 2031

(f)

Call Date

Series 002: Callable on the fifth anniversary date from the Issue Date and on every periodic profit payment date thereafter with the first call date on 31 January 2024

Series 003: Callable on the seventh anniversary date from the Issue Date and on every periodic profit payment date thereafter with the first call date on 30 January 2026

(g)

Profit Rate

Series 002: 4.63% per annum

Series 003: 4.71% per annum

(h)

Details on Utilisation of Proceeds

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

(i) to fund Maybank'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, where the returns from such investments shall be used for the periodic profit payment of the Subordinated Sukuk. 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 (Details on Utilisation of Proceeds);

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

(iii) any other Shariah-compliant business activities of Maybank.

(i)

Rating 

AA1 (RAM Rating Services Berhad)