Khazanah's Cenviro Issues Sukuk Worth USD 13 Million in First Sustainability-Linked Offering

Khazanah Nasional Bhd’s wholly-owned investee, Cenviro Sdn Bhd, has announced the issuance of its first sustainability-linked Sukuk worth MYR 54.6 million (USD 13 million) in two tranches under its MYR 500 million (USD 119 million) Sukuk Wakalah Programme. The maturity dates for Tranche 1 and Tranche 2 have been set at eight years and 12 years, respectively.

Why it Matters?

The Sukuk aligns with the International Capital Market Association’s (ICMA) prescribed principles as well as the company's efforts to reduce greenhouse gas emissions intensity and support the sustainability agenda. The issuance will see the use of its proceeds for capital expenditure requirements of the Kualiti Alam Waste Management Centre undertaken by Kualiti Alam Sdn...