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ON the back of the current challenging environment, Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) has successfully recorded another sustainability sukuk issuance under its book-building exercise, registering a total order of RM536mil which exceeded the initial desired size of RM300mil.

Group president and chief executive officer Datuk Aria Putera Ismail in a statement said: “Amidst the challenging market and profit rate hike situation, SME Bank’s sustainability sukuk is successfully priced at a competitive profit rate of 4.04%.

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