Maybank, OCBC arrange RM1.1bil financing for YTL green project

OCBC Bank (M) managing director, senior banker and head of investment banking Tan Ai Chin said OCBC has been a prime mover in pioneering various sustainable financing initiatives in the Malaysian capital markets.

KUALA LUMPUR: Malayan Banking Bhd and OCBC Bank (M) Bhd are the joint mandated lead arrangers for a RM1.1bil Islamic term financing facility granted to YTL Power International Bhd’s unit YTL DC South Sdn Bhd.

Maybank global banking group chief executive officer Datuk Muzaffar Hisham said: “As one of the key relationship banks to YTL, we are pleased to extend our banking support to YTL’s first green financing facility in an effort to assist in the YTL Group’s sustainability agenda for a low carbon and climate resilient transition which shall accelerate YTL’s aspirations of achieving carbon neutrality by 2050.