Reuters logo
3 years ago
Malaysia's Public Islamic Bank establishes $1.5 bln sukuk program
April 23, 2014 / 10:42 AM / 3 years ago

Malaysia's Public Islamic Bank establishes $1.5 bln sukuk program

KUALA LUMPUR, April 23 (Reuters) - Public Islamic Bank, the sharia-compliant arm of Malaysia's third-largest lender, has set up an Islamic bond program to raise as much as 5 billion ringgit ($1.53 billion).

The subordinated sukuk murabaha is Basel-III compliant and will be treated as tier-2 regulatory capital, ratings agency RAM Ratings said in a statement on Wednesday.

Maybank, RHB Islamic and AmIslamic have also made moves into Basel-III compliant sukuk. ($1 = 3.2670 Malaysian Ringgit) (Reporting By Al-Zaquan Amer Hamzah; Editing by Kim Coghill)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below