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BANK PEMBANGUNAN ISSUES RM1.25 BILLION ISLAMIC MEDIUM TERM NOTES UNDER THEIR SUKUK WAKALAH PROGRAMME OF RM5.0 BILLION IN NOMINAL VALUE (“SUKUK WAKALAH PROGRAMME”)

 

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Tuesday, 1 June 2021, Kuala Lumpur – Bank Pembangunan Malaysia Berhad (“BPMB”) today announced a successful book-building exercise for the issuance of RM1.25 billion Sukuk Wakalah. The positive response from investors is a testament to BPMB’s strong credit profile and strategic role in nation building.

 

BPMB surpassed its initial target issue size of RM750 million and registered a final order book of RM3.34 billion translating into a total bid-to-cover (“BTC”) of 4.45 times (pre-upsizing) and 2.67 times (post-upsizing). Diversified support from varied investors including financial institutions, asset managers, pension funds and insurance companies was reflective of the general market’s positive sentiment towards BPMB’s credit.

 

In line with its aspiration to fulfil the development needs of the country,                                 BPMB embarked on a paradigm shift – the Bank implemented the “MIND: Measuring Impact on National Development” framework and is now focused on both financial and non-financial impact indicators. Using MIND, BPMB’s projects are assessed based on their financial and also social or environmental impact. Financing decisions are supported by how projects score on the scale. Being sector agnostic and impact driven, BPMB has broadened its focus beyond traditional sectors and expanded into broad economic themes that encompass sustainability, digitalisation and inclusivity.

 

Utilising the Bank’s government mandated incentive schemes, BPMB seeks to drive and expand sustainable development in targeted areas in efforts to continuously play a key role in facilitating Malaysia achieve developed and high income nation status.   

 

BPMB President/Group Chief Executive Officer, Arshad Mohamed Ismail said:                     “Following the successful second issuance under our Sukuk Wakalah Programme, we at BPMB are honoured by the market confidence in our strong fundamentals and strategic direction. We will continue to work hard in driving inclusive and sustainable growth to support the nation building agenda.”

 

Ambank, CIMB, Maybank, and RHB acted as Joint Lead Managers on this offering and both CIMB Islamic and Maybank Islamic acted as Shariah Advisors for the transaction.    

              

 

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About Bank Pembangunan Malaysia

 

Bank Pembangunan Malaysia Berhad (“BPMB”) was incorporated on 28 November 1973 as a development financial institution to assist small and medium-sized entrepreneurs. BPMB’s role includes the provision of various financing facilities, training and advisory services, particularly to Bumiputera entrepreneurs. Today, BPMB provides medium to long-term financing to the strategic sectors of the economy.

 

Owned by Minister of Finance (Incorporated), BPMB has been accorded the highest rating of ‘AAA’ by both RAM Rating Services Berhad and Malaysia Rating Corporation Berhad. It is regulated and supervised by Bank Negara Malaysia under the Development Financial Institution Act 2002.

 

With a Group Total Assets value of RM25 billion (as at 31 December 2019), the BPMB Group is well-positioned to meet the financing and business development needs of Malaysian businesses. 

 

For more information, please contact: 

 

Anita Ramly

Head, Corporate Communications

Bank Pembangunan Malaysia Berhad

Tel: (019) 332 4809

Email: anita.ramly@bpmb.com.my

 

Izzat Ratna

Senior Executive, Corporate Communications

Bank Pembangunan Malaysia Berhad

HP: (012) 642 1889

Email: izzat@bpmb.com.my