Maybank Islamic Buys Back MYR 1.5 Billion Under its MYR 10 Billion Islamic Finance Scheme

Maybank Islamic, a fully-owned subsidiary of Malayan Banking (Maybank) has bought back MYR 1.5 billion in Islamic bonds on the 11th of May 2021 through a private treaty. The buyback comes under Maybank Islamic’s Islamic commercial papers and medium-term notes programme worth up to MYR 10 billion.

Why it Matters?

Pacific Trustees, the trustee for Maybank Islamic’s MYR 10 billion bond programme stated that Maybank Islamic would buy back the outstanding amount of the three Islamic commercial papers of MYE 500 million each, that were issued on the 9th of November 2020. The stock codes numbers pertaining to these securities are SE200230, SE200231 and SE200232.

Details

In a filing with Bank Negara Malaysia’s...