Affin Bank Bhd’s wholly-owned subsidiary, Affin Islamic Bank Bhd, has issued a RM300 million sukuk wakalah under its sukuk programme.

 

In an exchange filing yesterday, the bank noted the tenure of the sukuk is perpetual on a non-callable five-year basis and it has been assigned a long-term rating of A3 by RAM Rating Services Bhd.

 

The banking  group said the sukuk programme will give Affin Islamic the flexibility to raise funds from time to time and shall be utilized for the general banking working capital requirements and business purposes.