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Maybank’s RM2.5 Billion AT1 Sukuk Deepens Its Islamic Capital Base

Maybank has completed a RM2.5 billion perpetual AT1 sukuk in three series. Here is what its rates, call dates and capital features mean for investors.

By TLA AI Editor3 min read

Kuala Lumpur, 29 September 2026 – Maybank has completed a RM2.5 billion additional Tier 1 sukuk mudharabah issuance, adding a substantial layer of loss-absorbing capital to its funding structure. The transaction is significant less for its headline size alone than for what it says about investor appetite for Malaysian bank capital and the continuing depth of the domestic Islamic debt market.

The perpetual issuance was arranged in three series: RM750 million, RM1.1 billion and RM650 million. Their initial distribution rates are 4.85%, 5.11% and 5.15% a year, respectively. Distributions are scheduled semi-annually, while the first call dates fall in September 2031, September 2033 and September 2036. Those dates give the issuer an option to redeem, subject to the terms and required approvals; they are not contractual maturities.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.