Malaysian Reinsurance Berhad
Indicative
Full Lot
Indicative price as of 02 Oct 2026, 4:25pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
Malaysian Reinsurance Berhad
Guarantor
-
Announcement Date
13 Oct 2022
Issue Date
26 Oct 2022
Maturity Date
26 Oct 2032
Years to Maturity / Next Call
6.064 / 1.058
Modified Duration
5.035 @ 02 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
5.210
Coupon Type
Fixed
Annual Coupon Rate
5.210
Coupon Frequency
Semi Annually
Seniority
Subordinated
Reference Rate
-
ISIN
MYBUN2203064
CUSIP
BZ7168579
Bond Currency
MYR
Total Issue Size
200,000,000
Min. Investment Quantity (Nominal)
MYR 1,000
Incremental Quantity (Nominal)
MYR 1,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Insurance
Issuer Credit Rating (S&P/ Fitch/ RAM)
***/ N.R/ AA2
Bond Credit Rating (S&P/ Fitch/ RAM)
***/ N.R/ AA3
Shariah Compliant
No
Exchange Listed
No
If there is more than an insubstantial risk as determined by the Issuer that:
(i) any series of the Subordinated MTNs (in whole or in part), will, either immediately or with the passage of time or upon either the giving of notice or the fulfilment of a condition, no longer qualify as Tier 2 capital of the Issuer for the purposes of BNM’s capital adequacy requirements under any regulations applicable to the Issuer; or
(ii) changes in law will make it unlawful for the Issuer to continue performing its obligations under any series of the Subordinated MTNs, then the Issuer may, at its option, redeem a series of the Subordinated MTNs (in whole or in part) at the Redemption Amount, subject to the Redemption Conditions being satisfied.
“Early Redemption Event” refers to the redemption pursuant to the Call Option, the Regulatory Redemption and/or the Tax Redemption.
“Redemption Amount” means an amount equal to 100% of the nominal value together with accrued but unpaid interest/coupon (if any) relating to the then current interest/coupon period (if any) up to (and excluding) the date on which the Subordinated MTNs are redeemed.
“Redemption Conditions” means:
(i) the Issuer is solvent at the time of any redemption of that series of the Subordinated MTNs and immediately thereafter;
(ii) the Issuer has obtained the written approval of BNM prior to redemption of that series of the Subordinated MTNs;
(iii) the Issuer is not in breach of BNM’s minimum capital adequacy requirements applicable to the Issuer after redemption of that series or part of such series of the Subordinated MTNs; and
(iv) the Issuer shall:
(a) replace that series of the Subordinated MTNs to be redeemed with capital of the same or better quality and the replacement of this capital shall be done at conditions which are sustainable for the income capacity of the Issuer; or
(b) demonstrate to BNM that its capital position is well above the minimum capital adequacy and capital buffer requirements after redemption of such series of the Subordinated MTNs.
Cash Flow Information