(a)

Issuer

Malayan Banking Berhad

(b)

Issue Date

9 October 2020

(c)

Nominal Amount

Series 006: RM 2.3 billion

Series 007: RM 0.7 billion

(d)

Tenure

Series 006: 10 years on a 10 non-callable 5 basis

Series 007: 12 years on a 12 non-callable 7 basis

(e)

Maturity Date

Series 006: 9 October 2030

Series 007: 8 October 2032

(f)

Call Date

Series 006: Callable on the fifth (5th) anniversary date from the Issue Date and on every periodic profit payment date thereafter with the first call date on 9 October 2025

Series 007: 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 8 October 2027

(g)

Profit Rate

Series 006: 2.90% per annum

Series 007: 3.10% per annum

(h)

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 (Details on Utilisation of Proceeds).

(i)

Rating 

AA1 (RAM Rating Services Berhad)