Tadau Energy Sdn Bhd Green Sukuk

Green sustainable and responsible investment sri sukuk programme.

Tadau energy sdn bhd green sukuk. Ram ratings has reaffirmed the aa3 stable rating of tadau energy sdn bhd s tadau or the company rm250 million sri sukuk programme 2017 2033. In a joint press statement tadau and affin hwang investment bank bhd said the proceeds raised will be used to finance a 50mwac solar project in kudat sabah which was secured under. In malaysia tadau energy sdn bhd a malaysian based renewable energy and sustainable technology investment firm issued sri sukuk on the syariah principles of istisna manufacturing sale and ijarah leasing in july 2017. Maybank investment bank berhad.

Though sukuks also known as islamic bonds are still recovering from a recent slowdown islamic banks continue to push forward exploring new possibilities and opportunities for sustainable grown. Cicero s second opinion on tadau energy s green sukuk framework. Over the last few years environmental preservation has been the focus of renewed investor attention as evidenced by growing interest in socially responsible investment sri instruments. Share tweet email.

Ram ratings reaffirms tadau energy s aa3 sukuk rating. Solar energy firm tadau energy sdn bhd said it successfully issued rm250 million worth of sustainable responsible investment sri sukuk yesterday making it the first green sukuk issued in malaysia. Senior and subordinated sukuk ijarah. As of june 2015 the world bank has issued over 100 green bond papers valued at usd8 5bln.

Solar energy firm tadau energy sdn bhd is planning to raise rm250 million via rated sustainable and responsible investment sri sukuk said ram rating services bhd ram ratings the proposed islamic medium term notes programme is the first such green sukuk to be issued by a solar energy player in malaysia it said. Kuala lumpur july 27. The issuance of green sri sukuk amounting to rm250 million for tadau energy sdn bhd s solar project and green sri sukuk amounting to rm1 billion for quantum solar park semenanjung sdn bhd one of the world s largest green sukuk issuance to construct the largest solar power project of its kind in south east asia has placed malaysia as a leader in green investments 21. Ram has assigned a rating of aa3 stable on the.

Published on 12 oct 2018. Green sukuk a syariah compliant sri instrument for renewable energy and other environmental sustainability projects is an important and commendable initiative. Spr energy m sdn bhd. Affin hwang investment bank berhad.

Tadau energy sdn bhd.