11 February 2014

Kuala Lumpur, (11 February 2014) - Export-Import Bank of Malaysia Berhad (“MEXIM”) today announced the successful pricing of its USD300.0 million, 5-year Reg-S Sukuk (“Sukuk”) issuance via EXIM Sukuk Malaysia Berhad, pursuant to its USD1.0 billion Multicurrency Sukuk Issuance Programme (the “Programme”). The inaugural Sukuk offering was priced at 140 basis points over US Treasuries (UST), which is equivalent to an all-in yield of 2.874% per annum, which was tightened from the initial price guidance of 165 basis points over UST.

The Sukuk was executed intra-day following strong investor demand. The Sukuk was oversubscribed by approximately 10x attracting more than USD3.0 billion orders and was fully distributed to over 185 Islamic and conventional investors. The allocation was well-spread out globally with over 19% of the issue distributed to the Middle East investors, 65% to Asian investors and the remaining 16% to European investors. Proceeds from the Sukuk will be used for MEXIM’s Shariah-compliant working capital, general banking and financing activities as well as for other Shariah-compliant corporate purposes.

MEXIM’s Sukuk is structured under the Shariah principle of Wakala comprising of a tangible asset component; and a Murabaha receivable component arising from a sale of Shariah-compliant commodities. The issue was accorded credit ratings of A- by Fitch Ratings and A3 by Moody's, which are on par with the Malaysian sovereign ratings. The Sukuk will be listed on Labuan International Financial Exchange Inc. and Singapore Exchange Securities Trading Limited.

"We are pleased that our inaugural USD Sukuk issuance in Malaysia, which also represents the world’s first EXIM Bank to issue USD sukuk, received an overwhelming response from investors globally. The issuance is in line with MEXIM’s initiatives to grow its Islamic finance business and would position MEXIM to capture opportunities in the Islamic financial markets. The Sukuk also represents MEXIM’s commitment to support the Government’s ongoing initiatives and efforts to position Malaysia as an international Islamic finance marketplace.” says Dato’ Adissadikin Ali, President/CEO of MEXIM.

BNP Paribas Malaysia Berhad (“BNP”), CIMB Investment Bank Berhad, HSBC Amanah Malaysia Berhad and Maybank Investment Bank Berhad (“Maybank IB”) were appointed as the Joint Principal Advisers and BNP, CIMB Bank (L) Limited (“CIMB Labuan”), HSBC Amanah Malaysia Berhad and Maybank IB were appointed as Joint Lead Arrangers for the establishment of the Programme. BNP Paribas, Hong Kong Branch, CIMB Labuan, The Hongkong and Shanghai Banking Corporation Limited and Maybank IB were appointed as Joint Lead Managers for the Sukuk issuance under the Programme.