Maybank raises US$1.15B in Tier 2 sukuk under upsized US$7.17B programme
What's the deal? Malayan Banking Bhd (Maybank)Dealroom has a profile for this one. Try Dealroom → has completed the issuance of US$1.15B in Tier 2 Subordinated Sukuk Murabahah, strengthening the banking group's Tier 2 capital base. The issuance was completed on 11 August 2026 under Maybank's sukuk programme.
The details: The sukuk comprises four series with maturities ranging from 10 to 17 years. The US$95.7M Series 017 carries an initial profit rate of 4.05%, while the US$430.4M Series 018, US$287M Series 019 and US$334.8M Series 020 carry rates of 4.17%, 4.23% and 4.33%, respectively.
Why now? The issuance follows the upsizing of Maybank's sukuk programme to US$7.17B in nominal value, from US$2.39B previously. The instruments qualify as Tier 2 capital under Bank Negara MalaysiaDealroom has a profile for this one. Try Dealroom →'s Capital Adequacy Framework.
What's the endgame? Maybank said proceeds will fund Shariah-compliant investments in ringgit and foreign-currency Islamic financial instruments, support the Islamic business activities of its subsidiaries and overseas branches, and back other Shariah-compliant business activities.
RAM Rating Services BhdDealroom has a profile for this one. Try Dealroom → assigned the sukuk a rating of AA1 with a stable outlook.
The signal: The upsized programme and the size of the raise underline Maybank's standing as one of the region's largest banking groups, deepening its Islamic finance capital base as demand for Shariah-compliant instruments grows.
Read more: The Star
Image credit: Andy_Mitchell_UK
