Paramount Issues RM100 Million Sustainability Linked Sukuk With AmBank

Business Today · Aug 13 03:19

Paramount Corporation Berhad has issued its first Sustainability- Linked Sukuk Wakalah (SLS) of RM100 million in nominal value today with AmBank Islamic Behad as the sole subscriber.

The SLS was issued out of Paramount's unrated Islamic medium-term notes programme of up to RM1.0 billion in nominal value based on the Shariah principle of Wakalah Bi-Al Istithmar ("Sukuk Wakalah Programme").

AmBank Group Managing Director of Wholesale Banking Jamzidi Khalid said, "AmBank Islamic's participation in the Sustainability-Linked Sukuk Wakalah reflects our steadfast dedication to ESG values. We are not just participating in the market; we are leading by example, encouraging our clients and industry to join us in this vital journey. This initiative is integral to AmBank Group's comprehensive sustainability agenda, where ESG principles are seamlessly integrated into every facet of our operations."

Under Paramount's Sustainability Linked Financing Framework that received a Gold rating from MARC Rating Berhad, Paramount has set targets for green building certification, CIDB Malaysia's Safety and Health Assessment System
in Construction (SHASSIC) certification, and the reduction of greenhouse gas emissions intensity.

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Paramount Issues RM100 Million Sustainability Linked Sukuk With AmBank

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