Ajinomoto Obtains Sustainability-Linked Islamic Financing Facility Worth MYR 100 Million for Expansion from MUFG Bank

Ajinomoto Malaysia Berhad (AMB) has entered into a sustainability-linked Islamic funding agreement with MUFG Bank Malaysia (MUFG) for a principal value of MYR 100 million (USD 24.75 million). According to a media report, the funds will go towards the construction of AMB’s new plant in Negeri Sembilan and the company will adhere to environmentally friendly industrial development practices.

The facility has a five-year maturity period and is linked to environment sustainability performance targets that AMB is expected to achieve, including a 30% reduction in greenhouse gas emissions from fiscal year (FY) ended March 2019 to FY 2026. These performance targets are in line with Sustainability-Linked Loan Principles issued by the Loan Market Association and the Asia-Pacific Lo...