Published on 27 Dec 2021.
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 As such, we have withdrawn the AAA/Stable rating of the sukuk and no longer have any rating obligation in respect of it.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
03 3385 2515
Lim Chern Yit
03 3385 2528
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Ratings on MBSB Bank Berhad