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.\u00a0<\/p>\n
Tadau Energy\u2019s Green Sukuk Framework has been certified[1] by the Center for International Climate and Environmental Research \u2013 Oslo, Norway (\u201cCICERO\u201d).<\/p>\n
Tadau Energy is a project company undertaking a large scale solar project of 50MWac in Kudat, Sabah under two 21-year Power Purchase Agreements entered into with Sabah Electricity Sdn Bhd (\u201cSESB\u201d) in December 2016. Proceeds from the Green SRI Sukuk Tadau will be channelled to finance the Project.<\/p>\n
Tadau Energy is committed to contributing to the nation to reduce its dependence on power generated using fossil fuels. Through the use of the energy generated from the Project, Tadau Energy\u2019s goal is to conserve the environment by providing an environmentally friendly, clean and sustainable power supply.<\/p>\n
Affin Hwang Investment Bank Bhd, a member of the Malaysian International Islamic Financial Centre (MIFC) community is the Principal Adviser, Lead Arranger, Lead Manager and Facility Agent for the Green SRI Sukuk Tadau issuance.<\/p>\n
The transaction marks another milestone in the Malaysia capital markets, following the launch of the SRI Sukuk framework by Securities Commission (\u201cSC\u201d) in 2014. This is also in line with the rising trend of bonds introduced globally to facilitate and promote responsible investing, reinforcing Malaysia\u2019s position as the marketplace of innovation, expertise and deal flow. \u00a0<\/p>\n
\u201cWe are pleased with the issuance of Green SRI Sukuk Tadau as it exemplifies our commitment towards green energy and sustainable responsible investments. We strongly believe that green energy is the way forward and this industry has tremendous potential for growth.\u201d says Tan Sri Chua Ma Yu, Chairman of the Board of Directors of Tadau Energy.<\/p>\n
\u00a0\u201cAligning our efforts with the growing focus on sustainable and responsible investments, we are pleased to facilitate such a transaction to mark another milestone in the industry.\u201d says Datuk Maimoonah Hussain, Group Managing Director, Affin Hwang Investment Bank Berhad. \u00a0<\/p>\n
The Green SRI Sukuk Tadau with a tenure of 2 to 16 years have been assigned a long-term rating of AA3 by RAM Rating Services Berhad.<\/p>\n
[1] Cicero has rated the Tadau Energy Green Sukuk Framework as \u201cDark Green\u201d based on its overall assessment of project type and policies guiding the implementation of Tadau Energy Green Sukuk Framework. Cicero allocates \u201cDark Green\u201d shading for projects and solutions that are realizations of the long-term vision of a low carbon and climate resilient future. Typically, this will entail zero emission solutions and governance structures that integrate environmental concerns into all activities.<\/i><\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
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.\u00a0 Tadau Energy\u2019s Green Sukuk Framework has been certified[1] by the Center for International Climate and Environmental Research \u2013 Oslo, Norway (\u201cCICERO\u201d). Tadau […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-794","post","type-post","status-publish","format-standard","hentry","category-markets"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=794"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/794\/revisions"}],"predecessor-version":[{"id":6502,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/794\/revisions\/6502"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}