SMEB Attracts MYR 2.2 Billion for Government Guaranteed IMTN Sukuk Issuance 

The Government guaranteed Islamic Mid-Term Notes (IMTN) Sukuk issued by SME Bank (SMEB) has been oversubscribed by 4.5 times and MYR 2.2 billion worth bids have been received against the issuance of MYR 500 million.

Commenting on the oversubscription, SMEB’s Group President and Chief Executive Officer (CEO), Aria Putera Ismail, stated that the auction had attracted multiple financial institutions or asset management companies, indicating the affirmation of SMEB’s solid financial position, market presence and vital role in supporting and expanding small and medium-sized enterprises (SMEs).

Ismail also added that the negotiations were closed at 23 basis points (bps) for fiv...