Malakoff in RM250mil sukuk issuance

Malakoff said the proceeds from the issuance will be used to finance eligible projects by MPower and its subsidiaries.

KUALA LUMPUR: Malakoff Corp Bhd’s wholly-owned subsidiary, Malakoff Power Bhd (MPower), has issued its inaugural RM250mil Asean Sustainability Sustainable and Responsible Investment (SRI) Sukuk Murabahah under its RM1.2bil Islamic medium-term notes programme.

This is Malakoff’s first sustainability offering under its Asean Sustainability SRI Sukuk Murabahah and the first by an independent power producer in Malaysia.