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PETALING JAYA: United Overseas Bank (Malaysia) Bhd (UOB Malaysia) has established its inaugural RM5 billion Islamic debt programme under the Wakalah Bi Al-Istithmar shariah principle.
PETALING JAYA: UOB Malaysia has established its inaugural RM5 billion Islamic debt programme, under the syariah principle of Wakalah Bi Al-Istithmar a...
AMMB Holdings Bhd’s wholly-owned subsidiary, AmBank (M) Bhd, has obtained Bank Negara’s approval and completed the lodgement with the Securities Commission for the establishment of subordinated notes programme up to RM8bil, comprising Basel III-compliant additional tier-one subordinated notes or AT1 Notes and tier-two subordinated notes or Tier 2 Notes programme.
PRIOR to the Swiss government’s decision on the UBS Group AG-Credit Suisse Group AG merger, which led to the write-down of the latter’s CHF16 billion (RM77 billion) Additional Tier 1 (AT1) capital, or contingent convertible (CoCo) bonds, not many in Malaysia would have heard of these hybrid securities that have the characteristics of both debt and equity.
On October 12, Ho Chi Minh City’s commercial lender Nam A Bank announced the completion of risk management standards according to Basel III under the accompaniment and advice of KPMG.