“This first in market transaction marks the beginning of our journey in developing customisable sustainability-linked derivative transactions using measurable KPIs,” said RHB group managing director (MD) and CEO Datuk Khairussaleh Ramli.(pic)
PETALING JAYA: RHB Banking Group has successfully structured the country’s first “Green Cross Currency Interest Rate Swap” transaction set against environmental, social and governance (ESG)-linked key performance indicators (KPIs) to hedge a US$100mil (RM423mil) of two-year sustainable loan.
In a statement yesterday, the bank said the transaction further solidified RHB’s commitment towards enhancing the growth of the rapidly evolving ESG landscape within the Malaysian banking sector.
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