UOB Malaysia makes successful debut sukuk issuance

The deal was the first public Tier 2 sukuk transaction in the Malaysian market issued by a foreign-owned bank.
January 30, 2024

United Overseas Bank (Malaysia) (UOB Malaysia) has successfully priced their debut RM500 million ($106 million) Basel III-compliant Tier 2 subordinated Islamic medium term notes (Tier 2 Sukuk Wakalah).

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