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CIMB's first collateralised sukuk will widen Islamic asset pool

Malaysian lender seeking to raise RM1 billion from offering of five-year notes this quarter
Thursday, April 9, 2015 - 05:50

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CIMB Islamic's new notes will be sold via private placement to investors who are comfortable with this type of security, according to CEO Badlisyah Abdul Ghani.

Kuala Lumpur

CIMB Group Holdings Bhd plans to sell a sukuk backed by a pool of loans, becoming the world's first Islamic bank to sell the type of collateralised debt that contributed to the global financial crisis.

The Malaysian lender is seeking to raise RM1 billion (S$374 million

sentifi.com

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