OCBC Bank (M) managing director, senior banker and head of investment banking Tan Ai Chin said OCBC has been a prime mover in pioneering various sustainable financing initiatives in the Malaysian capital markets.
KUALA LUMPUR: Malayan Banking Bhd
and OCBC Bank (M) Bhd are the joint mandated lead arrangers for a RM1.1bil Islamic term financing facility granted to YTL Power International Bhd’s unit YTL DC South Sdn Bhd.
Maybank global banking group chief executive officer Datuk Muzaffar Hisham said: “As one of the key relationship banks to YTL, we are pleased to extend our banking support to YTL’s first green financing facility in an effort to assist in the YTL Group’s sustainability agenda for a low carbon and climate resilient transition which shall accelerate YTL’s aspirations of achieving carbon neutrality by 2050.
“This transaction further embodies our M25+ strategy to amongst others, prioritise customer centricity and mobilise RM50bil in sustainable financing by 2025.
“We are proud to be partnering with YTL in its transition towards a sustainable economy.”
OCBC Bank (M) managing director, senior banker and head of investment banking Tan Ai Chin said OCBC has been a prime mover in pioneering various sustainable financing initiatives in the Malaysian capital markets, Bernama reported.
“We are pleased to have the honour of working with YTL, a leading international conglomerate, in structuring and lead arranging its first green financing which signifies YTL’s commitment to a sustainable circular ecosystem,” she said in a joint statement yesterday.
She added that OCBC had doubled its sustainable financing target to S$50mil (RM162.7mil) compared with a previous set target of S$25mil (RM81.3mil) to be achieved by 2025.
“This comes after OCBC’s remarkable achievement of surpassing the initial target with a total S$34mil (RM110.6mil) sustainable financing in 2021,” she added.
Meanwhile, the transaction signified YTL Power’s ongoing commitment towards transitioning to a green and circular economy while contributing to its environmental objectives of climate change mitigation and the promotion of green buildings.
The facility was emplaced to fund the development of the 48MW IT Load Hyperscale Data Centre located in Kulai, Johor.
