Uob Malaysia Prices, Places Out Exsim’s Rm365 Mln Asean Green Sri Sukuk Musharakah

KUALA LUMPUR, Dec 11 (Bernama) -- United Overseas Bank (UOB) Malaysia (UOB Malaysia) has priced and placed out EXSIM Group’s issuance of RM365 million four-year Asean Green Sustainable and Responsible Investment (SRI) Sukuk Musharakah.

This is EXSIM’s inaugural green issuance under the newly-established Asean SRI Sukuk Framework. UOB Malaysia is the lead arranger and lead manager for this transaction.

The issuance received overwhelming response from investors, with total order exceeding 3.9 times its issuance size, UOB Malaysia said in a statement.

The Asean Green SRI Sukuk Musharakah, rated AA3 with a stable outlook by RAM Holdings Bhd, was also supported by unrated Islamic Commercial Papers amounting to RM85 million.

“The overwhelming response of the issuance clearly reflects investors’ growing demand for quality green investments and their confidence towards EXSIM’s green development projects.

“As Malaysian consumers continue to shift favourably towards sustainability practices, the green real estate sector holds great potential and can contribute significantly to Malaysia’s net-zero ambitions,” UOB Malaysia chief executive officer Ng Wei Wei said.

The proceeds from the Sukuk Musharakah issuance will be used by the issuer to acquire EXSIM Group’s latest eligible assets, namely the beneficial interests in two of its development projects - D’Clover and D’Terra Residences. 

These residential development projects located in Damansara Perdana, have received the provisional Gold certifications from GreenRE.

Meanwhile, EXSIM Group managing director Lim Aik Hoe said the group is committed to environmental stewardship where responsible development and eco-conscious living seamlessly co-exist, thus creating long-lasting value for both our homebuyers and the planet.

-- BERNAMA