LBS BINA GROUP SUCCESSFULLY CONCLUDES SECOND ASEAN SOCIAL SRI SUKUK WAKALAH ISSUANCE


LBS Bina Group Berhad a leading property developer guided by people-first values, has announced the successful issuance of its second tranche of Asean Social SRI Sukuk Wakalah, amounting to RM400mil in nominal value (second tranche) under LBS’ existing RM750mil Sukuk Wakalah Programme, which is rated AA-IS with a Stable outlook by MARC Ratings Berhad.

The completion of the second tranche continues to demonstrate the capital markets’ positive reception towards LBS’ commitment to sustainable growth and development.

The unsecured second tranche was issued with a periodic distribution rate of 4.81 per annum and carries a tenure of seven years, maturing on Jan 23, 2032.

Proceeds from the issuance will be channelled towards projects including affordable housing.Proceeds from the issuance will be channelled towards projects including affordable housing.

The issuance garnered strong interest from investors, achieving an oversubscription rate of 5.27 times, with a final order book of approximately RM2.1bil.

The robust demand, driven primarily by institutional investors, underscores the market’s confidence in LBS’ track record, strategic direction and sound governance practices.

Proceeds from the issuance will be allocated in accordance with the group’s Sustainability Financing Framework, channeling funds toward projects focused on affordable housing, community development, and sustainability.

These initiatives align with LBS’ mission to drive positive societal impact and create lasting value for stakeholders.

LBS group executive chairman Tan Sri Ir Dr Lim Hock San commented, “The issuance of this second tranche marks another significant milestone in our journey to integrate sustainability into our business operations.

“The proceeds will enable us to enhance our portfolio of affordable housing projects, contributing to community development and fostering positive social outcomes.

Lim said the second tranche issuance represents a crucial step forward in incorporating sustainability into LBS’ business practices.Lim said the second tranche issuance represents a crucial step forward in incorporating sustainability into LBS’ business practices.

“This achievement reflects our continuous commitment to balancing sustainable business growth with the well-being of the communities we serve.”

He further added, “This issuance reaffirms our dedication to addressing the evolving

needs of the communities we serve.”

The issuance was managed by HSBC Amanah Malaysia Berhad, Maybank Investment

Bank Berhad, and RHB Investment Bank Berhad, which acted as the joint lead

managers for the second tranche.

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