reNIKOLA Solar II Sdn Bhd (RSSB), a subsidiary of reNIKOLA Holdings Sdn Bhd (reNIKOLA), has issued RM390 million worth of ASEAN Green SRI Sukuk in Malaysia. The proceeds from the issuance will be used to refinance the development costs of two 30 MW solar plants in Kuala Muda and Machang.
The issue is rated AA2 with a stable outlook by RAM Rating Services Bhd and is verified by RAM Sustainability Sdn Bhd and further complies with the Climate Bonds Standard and Certification Scheme. It is the world’s first climate sukuk certified by the Climate Bonds Initiative (CBI).