KUALA LUMPUR: UOB Malaysia has priced the private placement of EXSIM Group's RM365 million four-year ASEAN Green Sustainable and Responsible Investment (SRI) Sukuk Musharakah.
This is EXSIM's inaugural green issuance under the newly established ASEAN SRI Sukuk Framework, and UOB Malaysia is the lead arranger and lead manager for this transaction.
The ASEAN Green SRI Sukuk Musharakah, rated AA3 with a stable outlook by RAM Holdings Bhd, is also supported by unrated Islamic Commercial Papers amounting to RM85 million.
"We are delighted to continue supporting EXSIM Group, a long-standing customer of UOB Malaysia, in their growth and sustainability journey.
"It is an honour to be entrusted with the company's inaugural sustainability issue under their newly established Asean SRI Sukuk Framework.
"The issuance received an overwhelming response from investors, with the total order exceeding 3.9 times its issuance size.
"The overwhelming response of the issuance reflects investors' growing demand for quality green investments and their confidence in EXSIM's green development projects," UOB Malaysia chief executive officer Ng Wei Wei said in a statement.
The issuer will use the Asean Green SRI Sukuk Musharakah issuance proceeds to acquire EXSIM Group's latest eligible assets, namely the beneficial interests in two of their development projects, the D'Clover and D'Terra Residences.
These residential development projects in Damansara Perdana have received provisional Gold certifications from GreenRE.