UOB Malaysia Manages EXSIM Group’s Inaugural RM365m Green Sukuk Placementby Fintech News Malaysia December 11, 2023 0 comments
UOB Malaysia has announced the successful pricing and private placement of EXSIM Group’s RM365 million four-year ASEAN Green Sustainable and Responsible Investment (SRI) Sukuk Musharakah.
This marks EXSIM’s first green issuance under the ASEAN SRI Sukuk Framework, with UOB Malaysia serving as the Lead Arranger and Manager.
The ASEAN Green SRI Sukuk Musharakah, rated AA3 by RAM Holdings Berhad, attracted significant investor interest, evidenced by order volumes exceeding 3.9 times the issuance size. The issuance was complemented by Islamic Commercial Papers worth RM85 million.
Ng Wei Wei, CEO of UOB Malaysia, commented,
“We are very pleased to support EXSIM Group in their sustainability journey. This successful issuance under the ASEAN SRI Sukuk Framework reflects the growing investor demand for quality green investments and confidence in EXSIM’s green projects.”
Lim Aik Hoe, Managing Director of EXSIM Group, said,
“We appreciate UOB Malaysia’s support for our first ASEAN Green SRI Sukuk issuance. Our commitment to environmental stewardship is reflected in our projects, which blend responsible development with eco-conscious living, creating value for homebuyers and the planet.”