reNIKOLA unit enters subscription agreement for world's first climate sukuk


From left: HLIB Group Managing Director/CEO Lee Jim Leng, reNIKOLA Holdings Managing Director Boumhidi Adel and MAIB Senior Director/Head of Debt Markets Che Puan Datuk Seri Diraja Nur Julie Gwee Ariff at the subscription agreement signing ceremony for the world’s first climate sukuk of RM390mil by reNIKOLA Solar II

KUALA LUMPUR: reNIKOLA Holdings Sdn Bhd's wholly-owned subsidiary reNIKOLA Solar II Sdn Bhd will issue its second Asean Green SRI Sukuk after entering into a subscription agreement with Hong Leong Investment Bank Bhd (HLIB) and MIDF Amanah Investment Bank Bhd (MAIB).

In a statement, the pure-play renewable energy company said the reNIKOLA II Green Sukuk is rated AA2 with a stable outlook from RAM Rating Services Bhd and is independently verified by RAM Sustainability Sdn Bhd to have complied with the Climate Bonds Standard and Certification Scheme making it the world’s first climate Sukuk certified by Climate Bonds Initiative (CBI).

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

reNIKOLA , HLIB , MIDF , sukuk , climate

   

Next In Business News

Malaysia's private non-financial sector's credit growth moderated to 4.8% in September
US tariffs on China to have mixed impact on Asean economies - OCBC
Minox International proposes 1-for-2 bonus issue of warrants
UBS posts bigger-than-expected net profit in third quarter
China and Hong Kong stocks drop as US election risks loom
StanChart third-quarter profit more than doubles on strong wealth growth, raises guidance
Bursa Malaysia's net profit jumps 42% to RM85.74mil in 3Q as ADV climbs
FBM KLCI slides as US election jitters mount
Australian dollar stuck near three-month lows on mixed inflation data
Axis-REIT raises RM449.73mil from private placement

Others Also Read