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null UOB Malaysia successfully arranged EXSIM's RM300m IMTN

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UOB Malaysia successfully arranged EXSIM's RM300m IMTN

1 Apr 2022 | Friday Source: The Edge Markets

UOB Malaysia announced on Thursday (March 31) that it had successfully priced and placed out property developer EXSIM's issuance of four-year RM300 million Islamic Medium Term Notes (IMTN) at a fixed profit rate of 5.1% per annum.

In a statement, UOB said the issuance is the third tranche of EXSIM’s RM2 billion Sukuk Musharakah Programme that monetises future earnings of the developer’s green residential development in the Klang Valley.

It added that the IMTN issuance had received a AA3/Stable rating by RAM Rating Services Bhd.

“We are proud to support EXSIM’s capital-raising exercise once again. The bank is committed to helping the company drive its environmental, social and governance (ESG) agenda of developing green and sustainable projects for homebuyers and to transitioning the country into a carbon-neutral economy. 

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