KUALA LUMPUR: SME Bank Bhd’s
RM500mil sukuk in two tranches of RM250mil each, from its RM3bil
government-guaranteed Islamic medium-term notes (IMTN) has been
oversubscribed by 5.9 times.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/8/14/business/11852764&sec=business
Published: August 14, 2012
In a statement ysterday, the bank
said this reflected the investors’ confidence for SME Bank to play a
greater role in supporting the government agenda to boost small and
medium enterprises as engines of economic growth.
“The seven- and
10-year sukuk were priced at 3.60% and 3.69% respectively, with a
spread of 28 basis points over the equivalent Malaysian government
securities,” it said.
SME Bank said the all-in yield was the lowest for a government-guaranteed issuance in 2012 to date.
The bank mandated AmInvestment Bank Bhd, Kuwait Finance House (M) Bhd and Maybank Investment Bank Bhd as the joint lead arrangers and joint lead managers.
It also appointed Kenanga Investment bank Bhd, MIDF Amanah Investment Bank and RHB Investment Bank Bhd as co-managers. – Bernama
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