MNRBMK 4.460% 22Mar2034 Corp (MYR)

Sukuk Factsheet

Sukuk

MNRB Holdings Berhad

Indicative

Full Lot

Bid Price

100.389

Change in Bid Price

0.002

Bid Yield (%)

4.291 %

Change in Bid Yield

remove 0.001

Ask Price

101.354

Change in Ask Price

0.001

Ask Yield (%)

3.877 %

Change in Ask Yield

remove 0.001

Indicative price as of 02 Oct 2026, 4:25pm

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Sukuk Information

MNRB Holdings Bhd underwrites all classes of general reinsurance business. The main types of general reinsurance business are proportional and nonproportional treaty reinsurance, and facultative reinsurance.

Sukuk Issuer

MNRB Holdings Berhad

Guarantor

Announcement Date

20 Mar 2024

Issue Date

22 Mar 2024

Maturity Date

22 Mar 2034

Years to Maturity / Next Call

7.470 / 2.467

Modified Duration

6.293 @ 02 Oct 2026

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

4.460

Distribution Type

Fixed

Annual Distribution Rate

4.460

Distribution Frequency

Semi Annually

Seniority

Subordinated

Reference Rate

ISIN

MYBVN2400510

CUSIP

ZD8890745

Sukuk Currency

MYR

Total Issue Size

420,000,000

Min. Investment Quantity (Nominal)

MYR 1,000

Incremental Quantity (Nominal)

MYR 1,000

Sukuk Type

High Yield Corporate

Sukuk Sector

Financials

Sukuk Sub Sector

Insurance

Issuer Credit Rating (S&P/ Fitch/ MARC/ RAM)

***/ N.R/ W.R/ AA3

Sukuk Credit Rating (S&P/ Fitch/ MARC/ RAM)

***/ N.R/ N.R/ A1

Shariah Compliant

Yes

Islamic Principle

Sukuk Al Murabaha

Exchange Listed

Sukuk Feature(s)

Issuer Call

Each tranche of Subordinated Sukuk Murabahah may have a call option (“Call Option”) (to be determined prior to each issuance). Under the Call Option, if applicable for the relevant tranche, the Issuer shall have the option to redeem that tranche of Subordinated Sukuk Murabahah (in whole or in part) on the Call Date (as defined herein) subject to the Redemption Conditions (as defined under Provisions on early redemption, if applicable) being satisfied at its Redemption Amount (as defined under Provisions on early redemption, if applicable).

In the case of a partial redemption of any tranche of Subordinated Sukuk Murabahah, then all Subordinated Sukuk Murabahah belonging to that tranche shall be early redeemed on a pro-rata basis or by such other method as the Sukuk Trustee may agree with the Issuer.

“Call Date” is defined as any profit payment date on or after a minimum period of five (5) years from the date of issue of that tranche of Subordinated Sukuk Murabahah. First Call Date: 22 March 2034

Additional Note

Regulatory Redemption

After BNM has approved the qualification of the Subordinated Sukuk Murabahah as Tier 2 capital of the Issuer under the RBC, and if subsequently the Subordinated Sukuk Murabahah no longer qualify as Tier 2 capital of the Issuer for the purposes of BNM’s capital adequacy requirements under the RBC Framework or any regulations applicable to the Issuer or if, at any time, there is more than an insubstantial risk that the Subordinated Sukuk Murabahah will either immediately or with the passage of time or upon either the giving of notice or the fulfillment of a condition, no longer qualifies as such, the Issuer may, at its option, redeem the Subordinated Sukuk Murabahah (in whole or in part) at the Redemption Amount (as defined below), subject to the Redemption Conditions (as defined below) being satisfied.

Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.

Distribution Dates	Distribution	Principal Amount	Cash Flow

No Data