Bank Islam Launches 3rd Tranche Of Subordinated Sukuk

KUALA LUMPUR, Nov 13 (Bernama) — BIMB Holdings Bhd’s unit, Bank Islam Malaysia Bhd, has issued the third tranche of the Subordinated Sukuk Murabahah amounting to RM300 million under the Subordinated Sukuk Murabahah Programme.

In a filing to Bursa Malaysia today, Bank Islam said the issue has a tenure of 10 years, maturing Nov 22, 2027.

“The sukuk is non-callable for the first five years,” it added.

Source : BERNAMA

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