In 2021, green finance is expected to increase at a significant rate. Based on data from the Climate Bonds Initiative (CBI), 2021 green bond issuances might exceed that of last year, with US$219.7 billion issued for the first half of the year compared to the US$290.1 billion issued in 2020.
Bonds issued from the AsiaPacific made up more than a quarter of the first half’s figures, at US$51.9 billion, just a few million short of the US$53.2 billion issued for the entire year of 2020.
China issued approximately US$22 billion worth of green bonds in the first half, exceeding the combined issuances from South Korea (US$5.9 billion), Japan (US$5.5 billion), Singapore (US$5.2 billion and India (US$4.6 billion). Separate from Mainland China’s, a total of US$3.2 billion worth of green bonds was issued from Hong Kong SAR.
The launch of the RM1 billion sukuk programme by Agrobank, which is also a green and sustainable effort, has set forth a new standard in both Islamic finance and the instruments to raise funds by the local bank under the leadership of Covering President / Chief Executive Officer (CP/CEO), Khadijah Iskandar.
Funds raised through the Sukuk would go towards the working capital for its new or existing businesses and projects, that promote any of the Sustainable Development Goals (SDG), including those with regards to mitigating climate change, the CP/ CEO said in an exclusive interview with BusinessToday
“The sukuk is a hybrid sukuk which means we can issue the sukuk for shariah compliant purposes only or for purposes that are aligned with Sustainable Development Goals. RAM Sustainability Sdn Bhd (RAM Sustainability) has already rated us, and we met all the necessary requirements,” says Khadijah.
Denne historien er fra October 2021-utgaven av Business Today Malaysia.
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Denne historien er fra October 2021-utgaven av Business Today Malaysia.
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