Tuesday 25, February 2014 by Matthew Amlôt

Two Malaysian Islamic banks' issuance plans for Basel III subordinated Sukuk are credit positive

Moody's: "RHB Islamic Bank Berhad (unrated), the Islamic banking subsidiary of RHB Bank Berhad (A3 stable, D+/ba1 stable14), announced that it had received regulatory approval to issue up to MYR 1 billion (around $300 million) of Basel III-compliant, Tier 2 subordinated Sukuk."

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