Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank), is pleased to announce the successful issuance of its new 5-year Sustainability Sukuk under the book-building exercise. The total order for the Sukuk issuance exceeded RM1.0 billion, surpassing the initial desired size of RM500 million.
SME Bank’s Group President/Chief Executive Officer, Datuk Wira (Dr) Aria Putera Ismail said: “Due to overwhelming demand from local and foreign financial institutions, fund management companies, takaful/insurance firms, and Government-Linked Investment Companies, SME Bank has opted to upsize the total issuance amount to RM1.0 billion.
“This achievement demonstrates the confidence of investors and the wider financial community in SME Bank’s ability to drive the SME’s growth, especially in ensuring them to sustain. SME Bank Sustainability Sukuk was priced at a competitive profit rate of 4.05 per cent amidst a challenging market environment.”
SME Bank’s Sukuk Wakalah programme has been assigned AAA ratings by the Malaysian Rating Corporation Bhd (MARC) and achieved the Gold standard, the highest rating under MARC’s Sustainability Sukuk framework. These accolades highlight
SME Bank’s strong creditworthiness and unwavering commitment to sustainable practices.