Hong Leong Bank to fully subscribe to RM350mil Asean Green Bond to finance green warehousing


PETALING JAYA: Hong Leong Bank Bhd (HLB) has fully subscribed to a RM350mil Asean Green Bond to fund the development of Exio Logistics Sdn Bhd’s new transformative, green building-certified logistics hub in City of Elmina, Shah Alam, Selangor.

In a statement, HLB said the green bond was issued by Exio Logistics and advised by Hong Leong Investment Bank (HLIB).

It added that the green bond is the first in Malaysia that is designed for the financing of green warehousing.

Exio Logistics is a joint venture between IJM RE Sdn Bhd, a wholly-owned subsidiary of IJM Corp Bhd and FMM Elmina Sdn Bhd, whose shareholders are Tan Sri Teo Chiang Hong, Mettiz Capital Sdn Bhd and Minlon Sdn Bhd.

“Exio Logistics is developing a state-of-the-art logistics hub designed to set new benchmarks in sustainability and efficiency.

“The facility incorporates Automatic Storage Retrieval Systems technology, providing tenants and operators with the dual benefits of achieving operational efficiency and excellence while working towards their sustainability goals.”

Upon completion, Storio Sdn Bhd will be the operator of the entire logistics hub.

In this green bond issuance, HLIB acts as the principal adviser, lead arranger, lead manager, lodgement party, and facility agent, highlighting its continuous commitment towards green financing and investments in the larger economic landscape, specifically in logistics and real estate.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Oil eases on strong dollar, global economic news
GIP SUPPORTS MALAYSIA AIRPORTS’ JOURNEY TO GLOBAL EXCELLENCE
Asia ESG Positive Impact Consortium pledges sustainability
UMW realigns strategies to promote growth
Nvidia’s gains leave investors wondering – to cash in or buy more?
Malaysia’s competitiveness set to improve further
Genting’s plans for diversification continue to gather momentum
Winning the digital game
IJM Corp secures two construction contracts worth RM962.3mil
KAB rides data centre wave

Others Also Read