29.04.2011 - CIMB completes Sukuk issue

CIMB Group Holdings Bhd’s Islamic banking unit, CIMB Islamic Bank Bhd, completed the issuance of RM250mil Tier 2 junior sukuk on April 21, which was priced at 4.2% per annum. “The AA1-rated junior sukuk with a maturity of 10 years is callable at year five and on each subsequent distribution date. Priced competitively at 4.2% per annum, the junior sukuk is not subject to any step up distribution rate after the call date,” CIMB said.............................................Full Article: Source

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