HSBC offers SLP-based financing to developer Jayyid

HSBC Amanah Malaysia Bhd provided the financing amounting to RM136mil to Jayyid Land, a joint venture between Platinum Victory and Jakel Group, for the development of phase one of the J. Satine project in Setapak

KUALA LUMPUR: HSBC Group has granted its inaugural social financing in Malaysia, which also represents its first Social Loan Principles (SLP)-based financing in South-East Asia for the real estate sector, to property developer Jayyid Land Sdn Bhd.

HSBC Amanah Malaysia Bhd provided the financing amounting to RM136mil to Jayyid Land, a joint venture between Platinum Victory and Jakel Group, for the development of phase one of the J. Satine project in Setapak.