United Overseas Bank Malaysia UOB Malaysia has successfully priced their debut RM500 million $106 million Basel III-compliant Tier 2 subordinated Islamic medium term notes Tier 2 Sukuk Wakalah.
On January 23, it became the first public Tier 2 Sukuk transaction in the Malaysian ringgit market, issued by a foreign-owned bank.
William Chua, managing director, debt capital markets, investment banking, group wholesale banking, at CIMB, told FinanceAsia “More than 40 investors participated in the successful debut by UOB Malaysia in the sukuk market with the tightest ever spread for a RM Tier 2 transactions.”
CIMB was one of the...
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