UOB Malaysia leads EXSIM's RM365mil green sukuk placement


KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) has announced the successful pricing and private placement of EXSIM Group’s RM365mil four-year Asean Green Sustainable and Responsible Investment (SRI) Sukuk Musharakah.

This is EXSIM’s inaugural green issuance under the newly-established Asean SRI Sukuk Framework, and UOB Malaysia is the lead arranger and lead manager for this transaction, UOB Malaysia said in a statement.

The Asean Green SRI Sukuk Musharakah, rated AA3 with a stable outlook by RAM Holdings Bhd, was also supported by unrated Islamic Commercial Papers amounting to RM85mil. The issuance received overwhelming response from investors, with total order exceeding 3.9 times its issuance size.

"We are very pleased to continue supporting EXSIM Group, a long-standing customer of UOB Malaysia, in their growth and sustainability journey. It is indeed an honour to be entrusted with the company’s inaugural sustainability issue under their newly established Asean SRI Sukuk Framework.

“The overwhelming response of the issuance clearly reflects investors’ growing demand for quality green investments and their confidence towards EXSIM’s green development projects,” UOB Malaysia chief executive officer Ng Wei Wei said.

The proceeds from the Asean Green SRI Sukuk Musharakah issuance will be used by the Issuer to acquire EXSIM Group's latest eligible assets, namely the beneficial interests in two of their development projects - D’Clover and D’Terra Residences.

These residential development projects located in Damansara Perdana, have received the provisional Gold certifications from GreenRE.

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