PETALING JAYA: RHB Bank

Bhd's wholly-owned subsidiary, RHB Islamic, aims to raise up to RM5bil from a Sukuk Wakalah Programme that has been lodged with the Securities Commission.

In a filing with Bursa Malaysia, the banking group noted the Sukuk Wakalah Programme will allow the issuer to issue Senior Sukuk Wakalah, Tier-2 subordinated Sukuk Wakalah and/or Additional Tier-1 Capital Sukuk Wakalah in multi-currency including ringgit.