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MBSB Bank fully redeems Tranche 1 Structured Covered Sukuk

Published on 27 Dec 2021.

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RAM Ratings has received confirmation that MBSB Bank Berhad has fully redeemed its outstanding RM45.0 mil Tranche 1 Structured Covered Sukuk (2018/2021), due on 24 December 2021. As such, we have withdrawn the AAA/Stable rating of the sukuk and no longer have any rating obligation in respect of it. 

We will however maintain surveillance of the Tranche 2 to 4 Structured Covered Sukuk issued under the Bank’s RM2,295 million Structured Covered Sukuk Murabahah Programme (2018/2028), as follows:

Structured Covered Sukuk

Outstanding Amount*
(RM mil)

Rating/ Outlook

Tranche 2

265.0

AA1/Stable

Tranche 3

375.0

AA1/Stable

Tranche 4

510.0

AA1/Stable

* As at end-November 2021

 

Analytical contacts
Kaylee Chiah
03 3385 2515
kaylee@ram.com.my

Lim Chern Yit
03 3385 2528
chernyit@ram.com.my

 

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Published by RAM Rating Services Berhad
© Copyright 2021 by RAM Rating Services Berhad



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