In a statement on Monday, Malaysia’s Axiata’s Group Bhd AXIA.KL declared of having secured a sum total of $800mn multi-currency Shariah-compliant Islamic financing (syndicated financing).
This financing arrangement is first-of-its-kind, the first sustainability-linked Islamic syndicated financing effort in Malaysia. The arrangement was made by OCBC Al-Amin Bank Bhd, Maybank Islamic Bank Bhd, and MUFG Bank Bhd.
OCBC Al-Amin said that the combination of Islamic financing properties linked with sustainability financing parameters, and along with multi-currency financing features which is performing phenomenally well in local as well as international financing markets.
Axiata president and group chief executive officer Tan Sri Jamaludin Ibrahim said that the financing mechanism their approach towards business operations and financing opportunities to deliver long-term growth and sustainable performance. Apart from the multiple funding options, he also mentioned the innovative financing mechanism being offered by shariah-compliant financing feature to secure Axiata’s liquidity position, especially in uncertain times like that of Covid-19.
