KUALA LUMPUR (April 27): RHB Islamic Bank Bhd has issued an RM250 million subordinated sukuk murabahah, which will be used for working capital and general banking purposes.
In a filing with Bursa Malaysia today, its parent RHB Bank Bhd said the Islamic bond is issued for a tenure of 10 non-callable five years with a fixed profit rate of 4.88% per year, payable semi-annually in arrears throughout the entire tenure.
The sukuk is rated AA3 by RAM Rating Services Bhd.
RHB Bank’s share price fell two sen or 0.37% to RM5.34 today, giving it a market capitalization of RM21.41 billion.
Originally published on www.theedgemarkets.com
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