Yinson raises RM1bil through Malaysia's first sustainability-linked sukuk wakalah programme

KUALA LUMPUR: Yinson Holdings Bhd has successfully priced Malaysia’s first Sustainability-Linked Sukuk via the issuance of RM1 billion 5-year Sustainability-Linked Sukuk Wakalah pursuant to its Islamic Medium Term Notes Programme of up to RM1 billion in nominal value.

In a statement today, Yinson said the landmark tranche has been assigned a rating of A1 and A+ by RAM Ratings and Malaysian Rating Corporation Bhd respectively, with a second party opinion on its Sustainability-Linked Financing Framework from Institutional Shareholder Services (ISS) environmental, social and governance (ESG).