Standard Chartered Saadiq Bhd

UAE’s bank issues US$163mil sukuk

A RM500mil (US$163mil) Islamic bond has been issued by the National Bank of Abu Dhabi. The issued sukuk has an interest rate of 4.75% and will mature in 15 years. The joint lead managers of the transaction besides the Malaysian national bank were HSBC, Maybank Investment Bank and Standard Chartered.

MNRB plans RM150m Sukuk, secures RM200m credit

MNRB Holdings Bhd has planned the launch of a Sukuk Mudharabah programme worth up to RM150mil. At the same time, the company has secured a RM200mil revolving credit-i facility from Standard Chartered Saadiq Bhd. According to the reinsurer, RM120mil will be used for refinancing the short-term revolving credit facility maturing on December 10th 2012. The remaining money will flow into the group's general working capital. The Sukuk programme has a five-year tenure and will be issued without a prospectus via direct placement.

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Bank Muamalat, Saadiq Handle Bernas RM750 Million Sukuk

Bank Muamalat Malaysia and Standard Chartered Saadiq Bhd have acted as joint principal advisers, lead arrangers and lead managers for Padiberas Nasional Bhd's sukuk.

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