Bank Rakyat Tuesday signed an agreement with Maybank Investment Bank and CIMB Investment Bank to issue an Islamic medium-term notes (IMTN) programme worth RM1 billion.
Its managing director, Datuk Yusof Abdul Rahman, said the inaugural sukuk musyarakah, expected to be issued on Friday, aimed to generate long-term yields and to meet the Basel III rules on banking capital which will be implemented by Bank Negara Malaysia………………………………………Full Article: Source