China-owned water treatment company, BEWG (M) Sdn Bhd (“BEWGM”) made its debut in the Malaysian Sukuk market by successfully issuing RM400 million Islamic Medium Term Notes (“Sukuk Wakalah”) on 19 July 2017 - the first-ever Ringgit denominated Sukuk by a Chinese conglomerate.
The Sukuk Wakalah was fully subscribed at the point of launch which allowed BEWGM to achieve its target funding size and meet its financing objectives. The Sukuk Wakalah carries a rating of AAIS (stable) by Malaysian Rating Corporation Berhad.
Tadau Energy Sdn Bhd (Tadau Energy) has successfully issued RM250 million of Sustainable Responsible Investment Sukuk (Green SRI Sukuk Tadau) yesterday; which it claimed to be the first Green Sukuk issued in Malaysia.
Tadau Energy’s Green Sukuk Framework has been certified by the Center for International Climate and Environmental Research – Oslo, Norway (“CICERO”).
Securities Commission Malaysia (SC) yesterday announced the issuance of Malaysia’s first green sukuk – an innovative channel to address global funding gaps in green financing - under its Sustainable & Responsible Investment (SRI) Sukuk framework.
Tan Sri Ranjit Ajit Singh, Chairman of SC said, “The launch of Malaysia’s first green sukuk marks another significant milestone in product innovation that strengthens Malaysia’s position as a leading Islamic finance marketplace as well as its value proposition as a centre for sustainable finance.”