Sukuk Factsheet
CIMBMK 4.400% 08Sep2032 Corp (MYR)
CIMB Group Holdings Berhad
Indicative
Full Lot
Bid Price 100.047
Change in Bid Price 0.005
Bid Yield (%) 4.337 %
Change in Bid Yield 0.006
Ask Price 100.599
Change in Ask Price 0.006
Ask Yield (%) 3.670 %
Change in Ask Yield 0.005
Indicative price as of 30 Oct 2026, 3:57pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Sukuk Issuer
CIMB Group Holdings Berhad
Guarantor
-
Announcement Date
08 Sep 2022
Issue Date
08 Sep 2022
Maturity Date
08 Sep 2032
Years to Maturity / Next Call
5.855 / 0.850
Modified Duration
5.079 @ 30 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
4.400
Distribution Type
Fixed
Annual Distribution Rate
4.400
Distribution Frequency
Semi Annually
Seniority
Subordinated
Capital Structure
Tier 2
Reference Rate
-
ISIN
MYBPN2200144
CUSIP
BY8697280
Sukuk Currency
MYR
Total Issue Size
1,500,000,000
Min. Investment Quantity (Nominal)
MYR 1,000
Incremental Quantity (Nominal)
MYR 1,000
Sukuk Type
Corporate
Sukuk Sector
Financials
Sukuk Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch/ MARC/ RAM)
***/ N.R/ AA+/ AA1
Sukuk Credit Rating (S&P/ Fitch/ MARC/ RAM)
***/ N.R/ N.R/ AA2
Shariah Compliant
Yes
Islamic Principle
Sukuk Al Murabaha
Exchange Listed
No
Loss Absorption
If a Non-Viability Event occurs, the Issuer shall irrevocably, without the need for the consent of the Sukuk Trustee or the holders of Tier 2 Sukuk Wakalah or AT-1 Sukuk Wakalah, write-off the relevant Tier 2 Sukuk Wakalah or AT-1 Sukuk Wakalah (in whole or in part) if so required by BNM at its full discretion.
Such write-off shall not constitute or deemed a default by the Issuer or constitute an Enforcement Event for any purpose whatsoever, nor would it trigger a cross default under any other outstanding Tier 2 Sukuk Wakalah or AT-1 Sukuk Wakalah or any other financial indebtedness of the Issuer.
A Non-Viability Event shall be deemed to have occurred on the day on which the Issuer received the notification from BNM.
“Non-Viability Event” means following the occurrence of the following, whichever is earlier:
(i) BNM has notified the Issuer in writing that BNM is of the opinion that a write-off is necessary, without which the Issuer and its subsidiaries (“CIMBGH Group”) would cease to be viable; or
(ii) BNM publicly announces that a decision has been made by BNM, the Malaysia Deposit Insurance Corporation or any other federal or state government in Malaysia, to provide a capital injection or equivalent support to the Issuer, without which the CIMBGH Group would cease to be viable.
Write-off mechanism in the case of a Non-Viability Event
Upon the occurrence of a Non-Viability Event, then as of the relevant write-off date:
(i) the write-off shall reduce:
(a) the claim of the Tier 2 Sukuk Wakalah and/or AT-1 Sukuk Wakalah in liquidation. The holders of Tier 2 Sukuk Wakalah and/or the AT-1 Sukukholders will be automatically deemed to irrevocably waive their right to receive, and no longer have any rights against the Issuer with respect to, any payment of the aggregate nominal value of the Tier 2 Sukuk Wakalah and/or AT-1 Sukuk Wakalah written off;
(b) the amount re-paid when a redemption is exercised pursuant to the Optional Redemption, Regulatory Redemption and Tax Redemption; and
(c) the Expected Periodic Distribution Amount payable under the Tier 2 Sukuk Wakalah and AT-1 Sukuk Wakalah; and
(ii) the write-off shall be permanent and the full or part (as the case may be) of the nominal value of the Tier 2 Sukuk Wakalah and AT-1 Sukuk Wakalah will automatically be written-off to zero and the whole or part (as the case may be) of the Tier 2 Sukuk Wakalah and AT-1 Sukuk Wakalah will be cancelled.
In the case the Tier 2 Sukuk Wakalah and/or AT-1 Sukuk Wakalah are written-off at the point of Non-Viability Event or upon a Breach of CET-1 Capital Ratio (in whole or in part), the Tier 2 Sukukholders and/or the AT-1 Sukukholders shall waive their rights to the payment of the outstanding Deferred Sale Price due from the Buyer and shall agree to grant an Ibra’ at such amount corresponding to the aggregate principal amount and the Expected Periodic Distribution Amount of the Tier 2 Sukuk Wakalah and/or AT-1 Sukuk Wakalah required to be written off. Please refer to the section entitled “Ibra’”.
Regulatory Redemption
If any Tranche of the Tier 2 Sukuk Wakalah or the AT-1 Sukuk Wakalah (in whole or in part), either immediately or with the passage of time or upon either giving of notice by the relevant authority or the fulfilment of a condition, no longer qualify as Tier- 2 capital (for Tier 2 Sukuk Wakalah) or the Additional Tier- 1 capital (for AT-1 Sukuk Wakalah) of the Issuer for the purposes of BNM’s capital adequacy requirements or any other regulations applicable to the Issuer, the Issuer may, at its option redeem the Tier 2 Sukuk Wakalah or the AT-1 Sukuk Wakalah at the Redemption Amount.
Issuer Call
“Optional Redemption Date(s)” means a date to be determined prior to issuance, which shall be a date falling no earlier than the fifth (5th) anniversary of the relevant issue date of the Tier 2 Sukuk Wakalah or AT-1 Sukuk Wakalah, and any Periodic Distribution Date thereafter.
“Redemption Amount” means an amount equal to 100% of the nominal value of the Tier 2 Sukuk Wakalah or the AT-1 Sukuk Wakalah, together with all accrued and unpaid Expected Periodic Distribution Amount (if any) (in the case of Tier 2 Sukuk Wakalah) and/or accrued but unpaid and uncancelled Expected Periodic Distribution Amount (if any) relating to the then current Periodic Distribution period (in the case of the AT-1 Sukuk Wakalah) up to (and excluding) the relevant Early Redemption Date (s).
Callable on 08September2027 @100
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