KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) supported the launch of FMM House Sdn Bhd’s RM3bil Asean green medium-term notes programme (Asean Green MTN Programme), serving as principal adviser, lead arranger, lead manager and facility agent.
In a statement, the bank said proceeds from Tranche 1 of the Asean Green MTN Programme, with a 15-year tenor and issue size of up to RM630mil, will fund the development of FMM’s three green logistics hubs in Pulau Indah, Klang, Selangor.
“This marks our second green logistics hub project in Selangor, following our earlier support for Global Vision Logistics - the first green-certified logistics development in Malaysia and one of the largest in Asean.
“These initiatives build on UOB Malaysia’s continued efforts to innovate and develop impactful solutions that help clients decarbonise. Through our Sustainable Finance Framework, we remain focused on enabling businesses to adopt responsible practices and transition toward low-carbon, future-ready infrastructure,” UOB Malaysia chief executive officer Ng Wei Wei said.
FMM House’s Pulau Indah logistics project will feature automated warehouse storage systems with a gross floor area of about 1.67 million sq ft and capacity for 218,000 pallets.
It will include ambient and cold room facilities and has secured pre-certified Gold Status under the US Green Building Council’s LEED rating system. The facility will be fully operated by Storio Sdn Bhd, a smart warehousing and logistics specialist.
FMM House director Tan Sri Teo Chiang Hong said: “This programme is a key milestone in our journey to redefine logistics infrastructure through automation and sustainability.”
