Kuala Lumpur: UOB Malaysia today announced the successful pricing of its RM750 million Basel III-compliant Tier 2 subordinated Islamic medium-term notes (Tier 2 Sukuk Wakalah) on 19 June 2025. The Sukuk is part of UOB Malaysia’s RM5 billion Sukuk Wakalah Programme, established in January 2024 under the Shariah principle of Wakalah Bi Al-Istithmar.

According to BERNAMA News Agency, the Tier 2 Sukuk Wakalah offering was initially targeted at RM500 million but was upsized to RM750 million following strong demand from a diverse group of more than 20 investors, including insurance companies, fund managers, government-linked investment companies, banks, and private banks.