MNRB plans RM320mil sukuk
KUALA LUMPUR: MNRB Holdings Bhd 
plans to undertake a sukuk programme of up to RM320mil in nominal value.
The national reinsurer and leading takaful operator lodged with the Securities Commission yesterday the lodgement kit for the proposed establishment of the sukuk murabahah programme.
It said the programme was for the issuance of senior sukuk murabahah and/or subordinated sukuk murabahah.
MNRB said each subordinated sukuk murabahah issued under the programme shall have a tenure of at least five years subject to an early redemption event whereas each senior sukuk murabahah issued under the programme shall have a tenure of at least one year.
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