KUALA LUMPUR, June 11 (Bernama) — Bank Muamalat Malaysia Berhad’s (Bank Muamalat) RM500 million Subordinated Sukuk Murabahah received positive response from a diversified and wider range of investors during its book-building exercise recently.
The RM500 million Subordinated Sukuk Murabahah, which will be issued on 15 June 2021, was competitively priced during the book-building exercise recently and registered a bid-to-cover (BTC) of 1.40 times (pre-final price fixing) and 1.28 times (post-final price fixing) over the proposed issue size with inclusion of unexpected new investors during the day. The joint lead managers received diversified orders from various types of investors including financial institutions, non-bank financial institutions, asset management companies, government agencies, insurance companies and also high net worth investors.