The world is changing across all fronts, necessitating transformational thinking and attitudes to adapt and then to grow. The same transformation is happening around us in the capital market, with more and more issuers and investors are seeking to make an impact with their investments, by exploring Sustainable and Responsible Investment (SRI).
Today, SRI have transformed from niche products into mainstream capital market offerings, as more discerning investors shift towards climate friendly activities, to minimise their impact on the planet. In fact, the capital market plays a critical role in providing funding to drive SRI.
In realising the world’s sustainable development needs, a significant amount of funding is required. Based on estimates by the United Nations Conference on Trade and Development (UNCTAD), to achieve the global Sustainable Development Goals (SDGs), the world would need total investment of between US$5.0 trillion and US$7.0 trillion (RM17.5 trillion and RM24.5 trillion) per annum until 2030.
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Nov 15, 2022
In line with rising yields in the global bond markets, Malaysian Government Securities (MGS) yields rose @ 3-year, 5-year and 10-year MGS yields to close at 3.77%, 4.04% and 4.41% for the quarter ending September 2022. Understandably, the quantum of increase in yields were much less than that of...
Nov 04, 2022
HONG KONG/SINGAPORE (Nov 3): An obscure South Korean [email protected] decision to buck market convention by skipping a call option sparked a region-wide sell-off in so-called perpetual bonds. That is now providing a wake-up call to investors that a wave of financial companies could follow suit.
Oct 31, 2022
The Securities Commission Malaysia (SC) today announced new digital-related initiatives to spur the growth of the capital market and help support the [email protected] economic recovery.The initiatives will pave the way for further liberalisation of the capital market and allow Micro, Small and Medium...
Oct 27, 2022
The ASEAN Capital Markets Forum (ACMF) has achieved its commitment in 2022 to promote Sustainable Development, Inclusivity and Resiliency, despite the impact of the global economic downturn and COVID-19 pandemic. The ACMF convened its 37th ACMF [email protected] Meeting today at Sofitel Phnom Penh...
Oct 19, 2022
Some US$8.2 trillion (RM38.65 trillion) of investable retail wealth could be channelled into sustainable investments by 2030 to finance environmental, social and governance (ESG) objectives in 10 growth markets, according to Standard [email protected] (StanChart) Sustainable Banking Report 2022.
Sep 20, 2022
The European Central Bank (ECB) has released details of how it will incorporate climate change considerations into its corporate bond purchases, beginning on 1 October 2022. Issuers will be assigned a climate score based on their past emissions, future emission targets and the quality of their...
Sep 08, 2022
At its meeting today, the Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to increase the Overnight Policy Rate (OPR) by 25 basis points to 2.50 percent. The ceiling and floor rates of the corridor of the OPR are correspondingly increased to 2.75 percent and 2.25 percent...
Nov 25, 2022
RAM Ratings has assigned a final AA3/Stable rating to Ranhill Solar Ventures Sdn Bhd's Sukuk Murabahah Programme of up to RM310 mil (2022/2042) (the Sukuk). In doing so, we have reviewed all relevant transaction documents and find them to be in line with our expectations when the preliminary...
Nov 15, 2022
RAM Ratings has reaffirmed Cenergi SEA Berhad's (Cenergi or the Group) A1/Stable/P1 corporate credit ratings, along with the A1/Stable rating of the Senior Sukuk and A3/Stable rating of the Subordinated Perpetual Sukuk under its RM1.5 bil Senior Sukuk/Subordinated Perpetual Sukuk Programme (2021...
Oct 21, 2022
Pursuant to Clause 16.3.13 of the Trust Deed dated 21 August 2020, Solar Management (Seremban) Sdn Bhd (''the Issuer'') has provided the following information to Sukuk Holders via Issuer's confirmation letter dated 13 October 2022 under Information Covenants of Trust Deed for Sukuk Holders record...
Oct 21, 2022
Pursuant to Clause 16.3.13 of the Trust Deed dated 21 August 2020, Solar Management (Seremban) Sdn Bhd (''the Issuer'') has provided the following information to Sukuk Holders via Issuer's confirmation letter dated 13 October 2022 under Information Covenants of Trust Deed for Sukuk Holders record...
Oct 21, 2022
RAM Ratings has reaffirmed the AA3/Stable rating of Tadau Energy Sdn Bhd's (Tadau or the Company) RM250 mil SRI Sukuk Programme (2017/2033). The rating reflects the sound operational performance of Tadau's two solar photovoltaic (PV) plants in Kudat, Sabah, with a combined capacity of 50 MWac...
Oct 19, 2022
RAM Ratings has reaffirmed the AA2/Stable rating of Edra Solar Sdn Bhd's (Edra Solar or the Company) RM245 mil ASEAN Sustainability SRI Sukuk (the Sukuk). The rating reflects the sound project economics of the Company's 50 MWac solar photovoltaic plant (the Plant) in Kuala Ketil, Kedah. The...
Oct 19, 2022
RAM Ratings has reaffirmed the AA1/Stable/P1 corporate credit ratings of Edra Power Holdings Sdn Bhd (Edra Power or the Group). The reaffirmation is premised on Edra Power's resilient concession-based power generating businesses that are backed by long-term power purchase agreements (PPAs...
Oct 11, 2022
MARC Ratings has extended its MARCWatch Negative placement on UiTM Solar Power Sdn Bhd's (UiTM Solar) outstanding Green Sustainable and Responsible Investment (SRI) Sukuk of RM192.3 million, where it has been since January 28, 2022. The rating action reflects MARC Ratings' concern on the...
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reNIKOLA Solar Sdn Bhd 1366812MIssuance Date - 11 May 2021 |
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UiTM Solar Power Dua Sdn Bhd 650095WIssuance Date - 5 March 2021 |
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Cagamas BhdIssuance Date - 26 October 2020 |
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.png?width=100&height=100&ext=.png "Solar Management (Seremban) Sdn Bhd 1022517K")
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Solar Management (Seremban) Sdn Bhd 1022517KIssuance Date - 21 Oct 2020 |
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Ihsan Sukuk Berhad 1117716PIssuance Date - 18 Jun 2015 |
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Tadau Energy Sdn Bhd 1148988KIssuance Date - 27 Jul 2017 |
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Quantum Solar Park (Semenanjung) Sdn Bhd 1200950DIssuance Date - 6 Oct 2017 |
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PNB Merdeka Ventures Sdn. Bhd 517991AIssuance Date - 29 Dec 2017 |
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Segi Astana Sdn Bhd 916663HIssuance Date - 8 Jan 2018 |
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Sinar Kamiri Sdn Bhd 851378XIssuance Date - 30 Jan 2018 |
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UiTM Solar Power Sdn Bhd 1211613PIssuance Date - 27 Apr 2018 |
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HSBC Amanah Malaysia Berhad 807705XIssuance Date - 2 Oct 2018 |
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Pasukhas Green Assets Sdn Bhd 1293491HIssuance Date - 28 Feb 2019 |
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Telekosang Hydro One Sdn Bhd 1242773KIssuance Date - 6 Aug 2019 |
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Cypark Ref Sdn Berhad 1287000TIssuance Date - 11 Oct 2019 |
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Edra Solar Sdn Berhad 1057995UIssuance Date - 11 Oct 2019 |
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Leader Energy Sdn Bhd 1234122XIssuance Date - 16 July 2020 |
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Agroto Business (M) Sdn Bhd 201201000811Issuance Date - 5 August 2021 |
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Several incentives are provided to encourage the issuances of SRI sukuk in the market. These include the income tax deduction on the issuance costs of SRI sukuk which was first provided from the year of assessment (YA) 2016 to YA 2020, and has now been extended for three years from YA 2021 to YA 2023.
A Green SRI Sukuk Grant Scheme was also established to incentivise issuers by offsetting up to 90% of external review costs incurred in the issuance of green SRI sukuk. For more information on the application for the Green SRI Sukuk Grant Scheme, please refer to here
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