UOB Malaysia, Maybank IB support PBAPP’s RM5bil sukuk for water infrastructure

From left: Maybank global banking group CEO Datuk John Chong, Maybank Investment Bank Bhd CEO Michael Oh-Lau, Perbadanan Bekalan Air Holdings Bhd group CEO Datuk Ir Pathmanathan K, Penang Chief Minister Chow Kon Yeow, UOB Malaysia CEO Ng Wei Wei and UOB Malaysia head of wholesale banking, northern area centre Teoh Soon Beng.

KUALA LUMPUR: United Overseas Bank (Malaysia) Bhd (UOB Malaysia) and Maybank Investment Bank Bhd (Maybank IB) have been appointed as joint principal advisers, joint lead arrangers, and joint lead managers for Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP)’s inaugural RM5bil Islamic Medium-Term Notes (IMTN) Programme (Sukuk Programme).

Maybank IB also served as the sole sustainability structuring adviser for PBAPP’s new Sustainable Finance Framework, which follows guidelines from the Securities Commission and other regional and international sustainable finance standards.