Bank Islam 4.00% Tier 2 Sukuk Murabahah 2029
MYBMX2000123 · Finance
Back to DashboardCompareAA+
AA+MurabahahMYR🏦 Finance
Bank Islam 4.00% Tier 2 Sukuk Murabahah 2029
Issued by Bank Islam Malaysia Berhad
Current Yield
4.55%
+0.50% vs issuance
Coupon Rate
4.00%
at issuance 4.05%
Maturity
3.3yr
15 Jul 2029
Face Value
MYR 500M
Issuance Details
- ISIN
- MYBMX2000123
- Structure
- Murabahah
- Issuance Date
- 15 Jul 2020
- Maturity Date
- 15 Jul 2029
- Tenor
- 9 years
- Status
- Active
- Lead Arranger
- Bank Islam Investment
- Trustee
- Maybank Trustees Berhad
Ratings
RAM
Stable outlook
Rated 01 Jul 2020
Use of Proceeds
Strengthening Bank Islam's Tier 2 regulatory capital base in compliance with Basel III requirements.
Plain-Language Summary
AI-ReadyBank Islam's Tier 2 capital sukuk uses the Murabahah (cost-plus-profit) structure involving commodity transactions on Bursa Suq Al-Sila. As a subordinated instrument, this sukuk offers higher yield than senior unsecured paper but carries higher risk. Subject to write-down or conversion under Malaysian banking regulations if Bank Islam's capital ratios breach thresholds.