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Maybank Islamic redeems subordinated sukuk


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Maybank Islamic redeems subordinated sukuk

MalayanBanking Bhd. unit Maybank Investment Bank Bhd. said March 31 thatMaybank Islamic Bhd.fully redeemed Islamic subordinated sukuk worth 1 billion ringgit, which wasissued March 31, 2011.

Maybank Islamic is also a unit of Malayan Banking.

As of March 31, US$1was equivalent to 3.87 Malaysian ringgit.