RHB completes Malaysia’s first ESG-linked cross currency interest rate swap

RHB Banking Group managing director and group chief executive officer Datuk Khairussaleh Ramli.

KUALA LUMPUR: RHB Banking Group has successfully structured Malaysia’s first Green Cross Currency Interest Rate Swap transaction set against environmental, social and governance (ESG) linked key performance indicators (KPIs) to hedge a US$100mil 2-year sustainable loan.

RHB, in a statement, said the landmark Green Cross Currency Interest Rate Swap transaction further solidified its commitment towards enhancing the growth of the rapidly evolving ESG landscape within the Malaysian banking sector.