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Maybank president and CEO Datuk Amirsham Aziz: first to raise subordinated bank capital in a sukuk |
Maybank tier 2 capital
Size isn’t everything. This is certainly the case for the winning sukuk deal, at only $300 million. Malaysia’s Maybank became the first bank to raise subordinated bank capital in the form of a sukuk. AseamBankers, HSBC Amanah and UBS led the deal for the Malaysian borrower, which was eventually priced as the tightest deal ever from an issuer in the southeast Asian nation, and the second-tightest subordinated debt deal from Asia, ex-Japan.
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