Bank Pembangunan Malaysia’s MYR 1.25 Billion Sukuk Receives Positive Response During Book-Building Exercise

Bank Pembangunan Malaysia Berhad’s (BPMB) MYR 1.25 billion Sukuk Wakalah has received positive response from diversified investors during its book-building exercise, and has surpassed its initial target issue size of MYR 750 million, according to a statement issued on the 1st of June 2021.

Why it Matters?

The offering marks BPMB’s second issuance under its Sukuk Wakalah programme, and reflects the market confidence in the development bank’s fundamentals and strategic direction, according to Arshad Mohamed Ismail, President and Group Chief Executive Officer of BPMB. Arshad added that the bank would continue to support Malaysia’s building agenda by driving inclusive and sustainable growth.

Details