PETALING JAYA: Pesona Metro Holdings Bhd
(PMHB) is seeking to establish an Asean Sustainability Sustainable and Responsible Investment (SRI) Sukuk Wakalah programme of up to RM185mil.
In a filing with Bursa Malaysia, the construction and trading group said its 70%-owned subsidiary, SEP Resources (M) Sdn Bhd, made the lodgement with the Securities Commission (SC) for the sukuk issuance with a tenure of up to 12 years.
The proceeds raised will be used for early redemption of SEP Resources’ outstanding obligations, pre-funding the Finance Service Reserve Account, defraying issuance fees and subscribing to new Murabahah stocks for eligible projects.
Pesona Metro said the issuance will comply with the SC’s SRI sukuk framework under the lodge and launch framework guidelines. It will adhere to the Asean Green Bond Standards, Asean Social Bond Standards and Asean Sustainability Bond Standards.
