KUALA LUMPUR – UOB Malaysia has successfully priced a RM455 million Islamic medium-term notes facility for EXSIM Capital Resources Bhd. This issuance, structured as an Asean Green SRI Sukuk Musharakah, represents the largest sukuk issuance to date for the EXSIM Group.
The transaction, which forms part of EXSIM’s RM2 billion sukuk musharakah programme, was met with robust investor appetite. It attracted orders of approximately RM1.2 billion, achieving a highly competitive profit rate of 4.80% per annum and a bid-to-cover ratio of 2.6 times, underscoring strong market confidence.
Funding Sustainable Development
The proceeds from this successful issuance are earmarked to finance EXSIM Group’s latest eco-friendly residential projects: The Kingswoodz in Bukit Jalil, Kuala Lumpur, and Noordinz Suites in Georgetown, Penang.
A Partnership for Responsible Growth
UOB Malaysia served as the lead arranger and joint lead manager for this private placement, alongside NewParadigm Securities.
Commenting on the deal, Mr. Beh Wee Khee, Country Head of Commercial Banking at UOB Malaysia, stated, “We are proud to continue our support for EXSIM through its sukuk musharakah programmes, facilitating capital for sustainable commercial and residential projects. By structuring this sukuk in alignment with ESG principles under the Asean Green SRI framework, we are advancing a shared vision for responsible growth and innovative Islamic finance.”
Transaction Details
The sukuk was issued on July 8, 2025. The transaction structure involved the monetization of progress billings from residential development projects governed by the Housing Development Act. It was further supported by a RM100 million Islamic Commercial Papers Tranche underwritten by UOB Malaysia.