StanChart Saadiq Malaysia, Sunway in green financing deal


StanChart Saadiq Malaysia CEO Bilai Parvaiz.

KUALA LUMPUR: Standard Chartered Saadiq Malaysia has inked its first sustainability-linked commodity murabahah structured financing with Sunway Treasury Sukuk Sdn Bhd worth US$110mil.

In a joint statement, Standard Chartered Saadiq Malaysia chief executive officer Bilal Parvaiz said the move is part of the bank’s commitment to support clients in accessing innovative sustainable finance solutions to meet the breadth of their environmental, social and governance (ESG) ambitions.

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