KUALA LUMPUR, Oct 18 (Bernama) -- RHB Bank Bhd has completed its fourth issuance of RM800 million in nominal value Senior Sukuk Murabahah under its RM10 billion in nominal value Sukuk Murabahah Programme.
In a filing to Bursa Malaysia today, the bank said the Senior Sukuk Murabahah, rated AA1 (Stable) by RAM Rating Services Bhd, comprised Series 4 RM200 million Senior Sukuk Murabahah, issued for a tenure of five years with a fixed profit rate of 3.84 per cent per annum, payable semi-annually in arrears.
Additionally, it comprises Series 5 RM400 million Senior Sukuk Murabahah, issued for a tenure of seven years with a fixed profit rate of 3.96 per cent per annum, payable semi-annually in arrears.
Meanwhile, Series 6 RM200 million Senior Sukuk Murabahah was issued for a tenure of 10 years with a fixed profit rate of 3.99 per cent per annum, payable semi-annually in arrears.
"Proceeds raised from the Senior Sukuk Murabahah will be utilised for the working capital of its subsidiary company in Islamic business activities," said the bank.
-- BERNAMA
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