UOB Malaysia has successfully priced and placed EXSIM Group’s RM365 million four-year ASEAN Green Sustainable and Responsible Investment (SRI) Sukuk Musharakah which is the developers inaugural green issuance under the newly-established ASEAN SRI Sukuk Framework, with the bank as the Lead Arranger and Lead Manager for this transaction.
The ASEAN Green SRI Sukuk Musharakah, rated AA3 with a stable outlook by RAM Holdings Berhad, was also supported by unrated Islamic Commercial Papers amounting to RM85 million. The issuance received overwhelming response from investors, with total order exceeding 3.9 times its issuance size.
The bank said the proceeds from the ASEAN Green SRI Sukuk Musharakah issuance will be used by the Issuer to acquire EXSIM Group’s latest eligible assets, namely the beneficial interests in two of their development projects – D’Clover and D’Terra Residences. These residential development projects located in Damansara Perdana, have received the provisional Gold certifications from GreenRE.