Malaysia Raises $970 Million in Green Islamic Bond Sale

Published on:
by KnowESG
tinywow kroger 6180347

Malaysia raised 4.5 billion ringgit ($970 million) in its first sale of domestic Islamic green bonds, adding to a growing number of countries turning to sustainable debt financing for environmental projects.

The issuance, which was oversubscribed 2.38 times, was priced at 4.662%, Finance Minister Zafrul Aziz said in a statement. Total bids of 10.7 billion ringgit were the most since July 2019 for long-duration debt, he added.

“The issuance is also a testament to the government’s efforts in advancing climate action as well as accelerating the transition toward achieving a prosperous, inclusive, and sustainable nation,” Zafrul said. 

Local financial institutions took up half the issuance, followed by institutional investors at 38.4%, insurers at 7.2%, and foreign investors at 4.1%, according to the statement.

Source: BNN Bloomberg

For more sustainable finance news


Sustainable Finance Headlines

Majid Al Futtaim Raises $500m via Green Sukuk

Majid Al Futtaim Raises $500m via Green Sukuk

India, China to Boost Low Carbon Investments in APAC

India, China to Boost Low Carbon Investments in APAC

ESG ETFs Hold Top Appeal for European Investors

DKSH Ties CHF 315M Bank Loan to Sustainability Goals

BII Enters PH, Invests $15M in Energy Transition Fund

CBA Launches Small Business Sustainability Action Tool

UK to Raise $40bn for Global Infrastructure Projects

NBB Wins Bahrain's Best ESG Integration Award

Neste Publishes 2022 Green Finance Report

Australia Post Raises $100M for Sustainability