OCBC pioneers Islamic sustainable financing for PNB

OCBC Malaysia is the sole lead arranger and sustainability structuring adviser for the green facility.

KUALA LUMPUR: OCBC Bank (M) Bhd has pioneered the inaugural Islamic Sustainable Financing Facility for Permodalan Nasional Bhd’s (PNB) wholly-owned subsidiary, PNB Jersey Ltd, with a RM1.2bil Islamic Green Financing Facility (Green Facility).

OCBC Malaysia is the sole lead arranger and sustainability structuring adviser for the green facility to finance the refurbishment of PNB’s investment property located at One Exchange Square, London.