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RHB Islamic Bank Subordinated Sukuk RM250 Million 4.060% 21-Apr-2032 - Pricing Supplement

IM Insights
By IM Insights
4 years ago
RHB Islamic Bank Subordinated Sukuk RM250 Million 4.060% 21-Apr-2032 - Pricing Supplement

Murabahah, Sukuk


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  1. PRICING SUPPLEMENT RHB ♦ Rffl Is a le Bank Berhad RHB Islamic Bank Berhad (Registration No. 200501003283 (680329-V}) PROPOSED ISSUANCE OF RM250.0 MILLION IN NOMINAL VALUE OF SUBORDINATED SUKUK MURABAHAH ("SUBORDINATED SUKUK") UNDER A SUBORDINATED SUKUK MURABAHAH PROGRAMME OF UP TO RMS.0 BILLION IN NOMINAL VALUE ("PROGRAMME") Lead Arranger/ Lead Manager RIIB♦ RHB Investment Bank Berhad (Registration No. 197401002639 (19663-P)) the date of this Pricing Supplement is 7 April 2022
  2. RHB ISLAMIC BANK BERHAD ("RHB ISLAMIC" or "ISSUER") PROPOSED ISSUANCE OF SUBORDINATED SUKUK MURABAHAH ("SUBORDINATED SUKUK") UNDER A SUBORDINATED SUKUK MURABAHAH PROGRAMME OF UP TO RM5.0 BILLION IN NOMINAL VALUE ("PROGRAMME") Pricing Supplement No: 4 1 Issuer RHB Islamic Bank Berhad / 2. Issue Date 21 April 2022 3. Issue Size RM250,000,000.00 in nominal value 4. Tenure of the Subordinated Sukuk 10 years non-callable 5 years / 5. Rating M3/Positive by RAM Rating Services Berhad 6. Profit Rate (%)/ Periodic Profit Payment Frequency 4.06% per annum/ Semi-annual 7. Details on Utilisation of Proceeds The proceeds of issuance will be used for Shariah Compliant working capital and general banking purposes / 8. Other Conditions Please refer to the Conditions and the IM for the other terms and conditions applicable to the Programme / RESPONSIBILITY The Issuer accepts responsibility for the information contained in this Pricing Supplement and the Issuer confirms that after having made all enquiries as were reasonable, the information contained in this Pricing Supplement is not false, misleading and there is no omission of any material information. / 3