HLB fully subscribes to Exio’s bond

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 the 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.

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