Hap Seng issues first tranche of sustainability-linked bonds

KUALA LUMPUR: Hap Seng Consolidated Bhd's unit, Hap Seng Management Sdn Bhd, has issued the first tranche of sustainability-linked bonds under its unrated bonds programmes of up to RM5bil in nominal value.

The issuance took place last month with OCBC Bank (Malaysia) Bhd as its sole lead manager, it said in a joint statement with OCBC Bank.