Alliance Bank plans up to RM2.5 bln sukuk programme

KUALA LUMPUR, Alliance Islamic Bank Bhd, a wholly-owned unit of Alliance Bank Malaysia Bhd (Alliance Bank), plans to undertake a perpetual sukuk programme of up to RM2.5 billion in nominal value and a RM300 million Islamic commercial papers (ICP) programme.

Alliance Bank said it lodged the two programmes with the Securities Commission today.

In a filing with Bursa Malaysia, the bank said the sukuk programme comprised a Senior Sukuk Murabahah of up to RM1.2 billion in nominal value; an Islamic Tier 2 Sukuk Murabahah of up to RM800 million in nominal value and an Islamic Additional Tier 1 Sukuk Wakalah of up to RM500 million in nominal value.