RAM Sustainability Assigns Environmental Benefit Ratings to Cagamas’ Proposed ASEAN Sustainability Bonds/SRI Sukuk

RAM Sustainability has assigned Environmental Benefit (EB) ratings to Cagamas Berhad’s (Cagamas) Proposed ASEAN Sustainability Bonds/Sustainable & Responsible Investment (SRI) Sukuk, to be issued under its MYR 60 billion Medium Term Notes (MTN) and Islamic MTN Programme (rated AAA/Stable by RAM Ratings).

Five green solutions under Cagamas’ Sustainability Bonds/SRI Sukuk Framework (the Framework) including renewable energy, energy efficiency, low-carbon transportation, green buildings as well as sustainable water and wastewater management have been assigned EB ratings, according to RAM Sustainability. Renewable energy and energy efficiency green solutions under the Framework were assigned Tier-1 EB rating...