OCBC Bank (M) Bhd managing director, senior banker and head of investment banking Tan Ai Chin (left) and DKSH Malaysia vice-president, healthcare, and head of country leadership Sandeep Tewari (right).
KUALA LUMPUR: DKSH Holdings
(Malaysia) Bhd (DKSH Malaysia), via its subsidiary DKSH Malaysia Sdn Bhd, has successfully debuted its Medium-Term Notes (MTN) issuance of RM300 million under its newly established Commercial Papers and MTN Programmes, totalling RM800 million.
In a joint statement today, OCBC Bank (Malaysia) Bhd said the bank acted as the sole principal adviser, lead arranger, lead manager, sustainability structuring adviser and facility agent for the programmes.
OCBC Bank noted that the establishment of the programmes offers a timely opportunity for DKSH Malaysia to diversify its funding sources as part of its strategic initiative to accelerate and expand its business in Malaysia.
"It also affirms its commitment to embedding sustainability into the core of its business strategy, ensuring long-term growth that is both responsible and resilient.
"The programmes have been structured with the flexibility to issue sustainability and sustainability-linked MTN to complement the group’s key sustainability objectives - enabling people to flourish, creating sustainable value chains, achieving net-zero emissions, and making a positive local impact,” it said.
The bank added that the sustainability-linked nature of the MTN issuance, which is aligned with DKSH group’s sustainability targets, is tied to DKSH’s social and environmental commitments.
These include increasing gender equality in its senior leadership team positions and reducing Scope 1 and 2 greenhouse gas (GHG) emissions across operations by 2030.
DKSH Malaysia vice-president, healthcare, and head of country leadership Sandeep Tewari said the issuance represents a significant step forward in the company’s financial strategy, enabling it to diversify funding sources while balancing short-term and long-term financing to fuel its growth.
"We are grateful for the strong collaboration with OCBC Bank, whose expertise and support have been instrumental in making this possible.
"Together, we are securing a robust financial future for DKSH Malaysia while contributing to a more sustainable and resilient economy that enriches people’s lives,” he said. - Bernama
