HL Bank, HL Islamic Bank and Cagamas Seal Malaysia’s First Corporate Issuance

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  • 12 Oct 2023
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HL Bank, HL Islamic Bank and Cagamas Seal Malaysia’s First Corporate Issuance of Green Housing Loans Worth MYR300mn

Hong Leong Bank, Hong Leong Islamic Bank, and Cagamas have successfully completed a transaction involving green housing loans and financing totaling MYR300mn (about USD71mn). Cagamas issued a MYR210mn (USD50mn) one-year ASEAN Green Bond and a MYR90mn (USD21mn) one-year ASEAN Green SRI Sukuk to fund the transaction. This marks the first corporate issuances related to green housing loans and financing in Malaysia. The green housing assets included green residential properties and buildings with GreenRE and Green Building Index (GBI) certifications as their eligibility criteria.

Source:  Theedge