KUALA LUMPUR: UOB Malaysia has successfully priced a RM455 million Islamic medium-term notes under Tranche 7 of EXSIM Capital Resources Bhd’s (ECRB) RM2 billion Sukuk Musharakah Programme, structured as an ASEAN Green SRI Sukuk Musharakah.
The issuance saw strong investor demand, achieving a competitive profit rate of 4.80 per cent per annum and attracting orders around RM1.2 billion, resulting in a bid-to-cover ratio of 2.6 times, the bank said in a statement today.
UOB Malaysia acted as lead arranger and joint lead manager, alongside NewParadigm Securities, for EXSIM Group’s largest Sukuk issuance to date, executed via private placement.
The proceeds will fund the group’s latest green residential developments - The Kingswoodz in Bukit Jalil, Kuala Lumpur, and Noordinz Suites in Georgetown, Penang.
Its country head of commercial banking, Beh Wee Khee said UOB is proud to have supported EXSIM throughout its Sukuk Musharakah Programmes, helping to mobilise capital for green commercial and residential projects.
"By structuring sukuk aligned with ESG principles under the ASEAN Green SRI framework, we continue to advance our shared vision of responsible growth and innovative Islamic finance," he said.
The sukuk was issued on July 8, 2025 and supported by a RM100 million Islamic Commercial Papers Tranche underwritten by UOB Malaysia.
The transaction involved the monetisation of progress billings from residential development projects governed by the Housing Development Act. - Bernama
