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CIMB Islamic issues tier-2 junior sukuk

Posted on 21 September 2012

CIMB Group Holdings Bhd said that its wholly-owned unit CIMB Islamic Bank Bhd successfully completed its issuance of RM300 million tier-2 junior sukuk under its RM2 billion tier-2 junior sukuk programme last Tuesday.
The proceeds from the issue will be made available for the Islamic banking operations of CIMB Islamic or any other syariah-compliant use as approved by the syariah adviser. The tier-2 junior sukuk, which is rated “AA+” by Malaysian Rating Corp Bhd, has a maturity of 10 years and is callable on any periodic payment date falling on or after the 5th anniversary of the issue date………………………………………..Full Article: Source

 
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