Solar Management (Seremban) Sdn. Bhd.’s MYR260 Million Green SRI Sukuk Issuance

Rahmat Lim & Partners advised OCBC Al-Amin Bank Berhad.

OCBC Al-Amin Bank Berhad acted as principal adviser, lead arranger and lead manager in relation to the issuance of ASEAN Green SRI Sukuk of MYR260 million in nominal value based on the Shariah principle of Murabahah (via Tawarruq arrangement) by Solar Management (Seremban) Sdn. Bhd. to, inter alia, re-finance a credit facility obtained by the Issuer in respect of the development, operation and maintenance of a solar photovoltaic plant with a capacity of 50MWac in Rembau, Negeri Sembilan

The issuance of the ASEAN Green SRI Sukuk is in compliance with the SRI Sukuk Framework and the ASEAN Green Bonds Standard.

The RL&P team was led by partner Kelvin Loh (Picture). 

Involved fees earner: Kelvin Loh – Rahmat Lim & Partners;

Law Firms: Rahmat Lim & Partners;

Clients: Solar Management (Seremban) Sdn. Bhd.;

Sonia Carcano

Author: Sonia Carcano