KUALA LUMPUR, Sept 13 — Bank Pertanian Malaysia Bhd has unveiled its RM1 billion Sukuk Wakalah Programme based on the Islamic principle of Wakalah Bi Al-Istithmar.
“Our aim is to establish stable funding by securing lower cost of medium and long term funding and it is hoped that it would be well received by a broad range of investors from high-quality accounts including government agencies, financial institutions, asset management companies and corporate accounts,” he said in a statement today.
Concurrently, the rating agency has assigned a preliminary rating of AAAIS to the bank’s proposed RM1.0 billion Islamic medium-term notes programme and the rating outlook is stable.
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