Air Selangor issues first SRI Sukuk Kelestarian

Pengurusan Air Selangor Sdn Bhd (Air Selangor) has completed a RM1 billion issuance under its existing RM10 billion Sukuk Murabahah Programme. In a statement on 1 November, Air Selangor said the issuance comprises its inaugural RM430 million SRI Sukuk Kelestarian Air Selangor (SRI Sukuk) issuance and its second tranche of RM570 million Islamic medium-term notes (IMTNs) across four series from 7 to 20 years. "The proceeds from the SRI Sukuk will be utilised to finance eligible projects in compliance with Air Selangor’s Sustainable Development Sukuk Kelestarian Framework that includes sustainable water supply and sustainable water management projects, all of which are in line with Air Selangor’s sustainability strategies," it said.