Bank Rakyat issued a RM1 billion Islamic medium-term notes (IMTN) sukuk wakalah through Imtiaz Sukuk II Bhd on April 24, 2025, under a RM10 billion senior sukuk wakalah programme rated AA2 by RAM Rating Services. The issuance, split into RM120 million (five-year) and RM880 million (seven-year) tranches, attracted strong demand with a 1.98 bid-to-cover ratio. Proceeds will fund shariah-compliant activities, including working capital, capital expenditure, financing, and general corporate purposes. Bank Muamalat, CIMB, Maybank, and RHB Investment Banks served as joint lead managers for the programme.
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