KUALA LUMPUR: Cenergi SEA Bhd has successfully issued its inaugural RM210 million Senior Islamic Medium-Term Notes, which would enable it to effectively manage and optimise its cashflow, grow its business, and support the government's aspiration in the enhancement of the renewable energy (RE) sector.
The sukuk is based on the Shariah principle of Wakalah Bi Al-Istithmar in compliance with the Securities Commission Malaysia’s (SC) Sustainable and Responsible Investment (SRI) Sukuk framework, ASEAN Green Bonds Standards issued by the ASEAN Capital Markets Forum, and Green Bond Principles issued by the International Capital Market Association (ASEAN SRI Green Senior Sukuk Wakalah).
The ASEAN SRI Green Senior Sukuk Wakalah issuance comprises a five-year RM85 million sukuk
due in 2026 with a profit rate of 5.30 per cent p.a. and a seven-year RM125 million sukuk due in 2028 with a profit rate of 5.55 per cent p.a. respectively, Cegerni said in a statement, today.
The ASEAN SRI Green Senior Sukuk Wakalah is issued pursuant to Cenergi’s Islamic Notes Issuance Programme of up to an aggregate amount of RM1.5 billion in nominal value based on the Shariah principle of Wakalah Bi Al-Istithmar (Sukuk Programme).
It said the Sukuk Programme allows Cenergi to issue senior Sukuk Wakalah and perpetual Sukuk Wakalah, including green Sukuk Wakalah in compliance with the SC’s SRI Sukuk Framework and/or ASEAN Green Bond Standards, and/or Green Bond Principles and/or such other guidelines or frameworks or standards in relation to green bonds issued from time to time.
The Sukuk Programme has been assigned a final rating of A1/Stable for the senior Sukuk Wakalah and A3/Stable for the perpetual Sukuk Wakalah by RAM Rating Services Bhd. RAM Sustainability Sdn Bhd has provided a second opinion on Cenergi’s Green Sukuk Framework.
Cenergi, being the sustainable energy subsidiary of Khazanah Nasional Bhd, is actively expanding its RE business, and plans to utilise the proceeds from the sukuk issuance to refinance its existing loans, as well as to fund its upcoming RE projects. - Bernama
The sukuk is based on the Shariah principle of Wakalah Bi Al-Istithmar in compliance with the Securities Commission Malaysia’s (SC) Sustainable and Responsible Investment (SRI) Sukuk framework, ASEAN Green Bonds Standards issued by the ASEAN Capital Markets Forum, and Green Bond Principles issued by the International Capital Market Association (ASEAN SRI Green Senior Sukuk Wakalah).
The ASEAN SRI Green Senior Sukuk Wakalah issuance comprises a five-year RM85 million sukuk
due in 2026 with a profit rate of 5.30 per cent p.a. and a seven-year RM125 million sukuk due in 2028 with a profit rate of 5.55 per cent p.a. respectively, Cegerni said in a statement, today.
The ASEAN SRI Green Senior Sukuk Wakalah is issued pursuant to Cenergi’s Islamic Notes Issuance Programme of up to an aggregate amount of RM1.5 billion in nominal value based on the Shariah principle of Wakalah Bi Al-Istithmar (Sukuk Programme).
It said the Sukuk Programme allows Cenergi to issue senior Sukuk Wakalah and perpetual Sukuk Wakalah, including green Sukuk Wakalah in compliance with the SC’s SRI Sukuk Framework and/or ASEAN Green Bond Standards, and/or Green Bond Principles and/or such other guidelines or frameworks or standards in relation to green bonds issued from time to time.
The Sukuk Programme has been assigned a final rating of A1/Stable for the senior Sukuk Wakalah and A3/Stable for the perpetual Sukuk Wakalah by RAM Rating Services Bhd. RAM Sustainability Sdn Bhd has provided a second opinion on Cenergi’s Green Sukuk Framework.
Cenergi, being the sustainable energy subsidiary of Khazanah Nasional Bhd, is actively expanding its RE business, and plans to utilise the proceeds from the sukuk issuance to refinance its existing loans, as well as to fund its upcoming RE projects. - Bernama
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