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OTHERS Bank Islam Malaysia Berhad's Issuance of Senior Sukuk Murabahah ("Senior Sukuk Murabahah") of RM1.0 billion in Nominal Value pursuant to a Sukuk Murabahah Programme of RM10.0 billion in Nominal Value ("Sukuk Murabahah Programme")
BANK ISLAM MALAYSIA BERHAD
Type
Announcement
Subject
OTHERS
Description
Bank Islam Malaysia Berhad's Issuance of Senior Sukuk Murabahah ("Senior Sukuk Murabahah") of RM1.0 billion in Nominal Value pursuant to a Sukuk Murabahah Programme of RM10.0 billion in Nominal Value ("Sukuk Murabahah Programme")
Bank Islam Malaysia Berhad ("Bank Islam") is pleased to announce that it has issued the tenth (10th) tranche of Senior Sukuk Murabahah amounting to RM1.0 billion under the Sukuk Murabahah Programme. The details are as follows: -
(a)
Issuer
:
Bank Islam Malaysia Berhad
(b)
Type
:
Senior Sukuk Murabahah
(c)
Nominal Amount
:
Series 1 - RM 500,000,000.00
Series 2 - RM 500,000,000.00
(d)
Issue Date
:
28 April 2026
(e)
Maturity Date
:
Series 1 - 28 April 2033
Series 2 - 28 April 2036
(f)
Tenure
:
Series 1 - 7 years
Series 2 - 10 years
(g)
Rating
:
AA3/stable (RAM Rating Services Berhad)
The proceeds from this issuance will be utilised for Bank Islam's banking activities, working capital requirements, and other corporate purposes. The use of proceeds under the Sukuk Murabahah Programme shall also be Shariah-compliant.
The Sukuk Murabahah Programme was lodged with the Securities Commission Malaysia on 6 September 2018. Under the Sukuk Murabahah Programme, Bank Islam is given the flexibility to issue Subordinated Sukuk Murabahah and/or Senior Sukuk Murabahah during the availability period of the Sukuk Murabahah Programme. RAM Rating Services Berhad has assigned a final long-term rating of 'A1/stable' and 'AA3/stable' to the Subordinated Sukuk Murabahah and Senior Sukuk Murabahah, respectively, under the Sukuk Murabahah Programme.
Bank Islam is also the Principal Adviser, Lead Arranger, Lead Manager and Shariah Adviser for the Sukuk Murabahah Programme.