News Release - 06 Oct 2025

UOB Malaysia prices RM455 million ASEAN Green SRI Sukuk Musharakah for EXSIM amid strong investor interest

Kuala Lumpur, 6 October 2025 – UOB Malaysia has successfully priced a RM455.0 million Islamic medium-term notes under Tranche 7 of EXSIM Capital Resources Berhad (ECRB)’s RM2.0 billion Sukuk Musharakah Programme, structured as an ASEAN Green SRI Sukuk Musharakah. The issuance saw strong investor demand, achieving a competitive profit rate of 4.80 percent per annum and attracting orders nearing RM1.2 billion, resulting in a bid-to-cover ratio of 2.6 times.

UOB Malaysia acted as Lead Arranger and Joint Lead Manager, alongside NewParadigm Securities, for EXSIM Group’s largest Sukuk issuance to date, executed via private placement. The proceeds will fund the Group’s latest green residential developments – The Kingswoodz in Bukit Jalil, Kuala Lumpur, and Noordinz Suites in Georgetown, Penang.

Mr Beh Wee Khee, Country Head of Commercial Banking, UOB Malaysia said, “We congratulate EXSIM on the successful pricing of its seventh sukuk tranche and the strong investor demand it attracted. This achievement reflects continued market confidence in EXSIM’s commitment to sustainable development and the strength of our longstanding partnership.

“UOB is proud to have supported EXSIM throughout its Sukuk Musharakah Programmes, helping to mobilise capital for green commercial and residential projects. By structuring sukuk aligned with ESG principles under the ASEAN Green SRI framework, we continue to advance our shared vision of responsible growth and innovative Islamic finance.”

The sukuk was issued on 8 July 2025 and supported by a RM100.0 million Islamic Commercial Papers Tranche underwritten by UOB Malaysia. The transaction involved the monetisation of progress billings from residential development projects governed by the Housing Development Act.

The Bank has played a leading advisory role in all issuances under ECRB’s RM2.0 billion Sukuk Musharakah Programme. The Programme, established in 2019, was structured in collaboration with NewParadigm Securities. The collaboration combined UOB’s Islamic and sustainable financing strengths with NewParadigm Securities’ structuring expertise to efficiently execute the issuance in line with ASEAN Green SRI Sukuk standards, demonstrating the impact of pairing innovative structuring with strong distribution capabilities.

Mr Lim Aik Hoe, Managing Director, EXSIM, said, “This milestone issuance reflects the market’s confidence in our vision and projects. We are grateful for the continued trust and partnership of UOB Malaysia and NewParadigm Securities. With that, we remain committed to advancing our pillars towards creating impactful and sustainable projects while ushering in greater value to our stakeholders.”

NewParadigm Securities is a leading capital markets and stockbroking firm in Malaysia. As the country’s sole remaining Universal Broker (UB), the firm is committed to innovation and excellence, NewParadigm Securities specialises in structuring Shariah-compliant financial solutions that drive sustainable economic growth.

Mr Charanjeev Singh, Group Chief Executive, NewParadigm Securities adds, “The successful completion of this issuance reflects the capital markets’ strong confidence in EXSIM Group’s ability to deliver high-quality projects and execute its vision. We are pleased to have played a key role in structuring a transaction that advances both sustainable development and innovative financing in Malaysia.”