Dagang NeXchange Bhd (DNeX) has lodged a Sukuk Wakalah programme of up to RM3 billion with the Securities Commission Malaysia, strengthening its funding flexibility to support expansion and sustainable investments.
The programme comprises senior Islamic medium-term notes and subordinated perpetual sukuk, structured under the Shariah principle of Wakalah Bi Al-Istithmar. It also allows for the issuance of Sustainability and Sustainability-Linked Sukuk aligned with global and regional standards.
Proceeds will be channelled towards working capital, investments and capital expenditure across DNeX’s core businesses, including semiconductor, information technology and energy.
Funds raised via sustainability sukuk will be directed to eligible projects under the group’s Sustainable Finance Framework.
RAM Rating Services has assigned an A1/Stable rating to the senior sukuk and A3/Stable to the perpetual tranche, citing DNeX’s diversified business profile and established presence in key sectors. Meanwhile, RAM Sustainability has awarded a Gold Sustainable Finance Rating, highlighting strong alignment with sustainability and disclosure standards.
Group CFO Vinie Chong said the programme enhances DNeX’s ability to optimise capital structure and cashflow while supporting long-term growth.
She added that the ratings affirm the group’s financial resilience and mark a milestone as DNeX becomes the first in Malaysia to incorporate Green Enabling Projects within its framework.
CIMB Investment Bank Bhd and Maybank Investment Bank Bhd are acting as joint principal advisors, lead arrangers and sustainability structuring advisors for the programme.
