LBS BINA GROUP SUCCESSFULLY CONCLUDES SECOND ASEAN SOCIAL SRI SUKUK WAKALAH ISSUANCE

“The proceeds will enable us to enhance our portfolio of affordable housing projects, contributing to community development and fostering positive social outcomes." LBS group executive chairman Tan Sri Ir Dr Lim Hock San

LBS Bina Group Bhd, a leading property developer guided by people-first values, has announced the successful issuance of its second tranche of Asean Social SRI Sukuk Wakalah, amounting to RM400mil in nominal value (second tranche) under LBS’ existing RM750mil Sukuk Wakalah Programme, which is rated AA-IS with a Stable outlook by MARC Ratings Bhd.

The completion of the second tranche continues to demonstrate the capital markets’ positive reception towards LBS’ commitment to sustainable growth and development.