UOB Malaysia Supports Launch Of FMM House's RM3 Bln Asean Green MTN Programme
KUALA LUMPUR, Aug 21 (Bernama) -- United Overseas Bank (Malaysia) Bhd (UOB Malaysia) is supporting FMM House Sdn Bhd in launching its RM3 billion ASEAN Green Medium Term Notes (MTN) Programme, an initiative aimed at advancing sustainable development in Malaysia’s logistics infrastructure.
The bank acted as the principal adviser, lead arranger, lead manager and facility agent for the programme, reinforcing its commitment to green financing and innovation in the capital markets.
UOB Malaysia chief executive officer Ng Wei Wei said this marked the bank’s second green logistics hub project in Selangor, following its earlier support for Global Vision Logistics - the first green-certified logistics development in Malaysia and one of the largest in ASEAN.
She added that these initiatives build on UOB Malaysia’s continued efforts to innovate and develop impactful solutions that help clients decarbonise.
“Through our Sustainable Finance Framework, we remain focused on enabling businesses to adopt responsible practices and transition toward low-carbon, future-ready infrastructure,” Ng said in a statement today.
UOB Malaysia said proceeds from the series of issuances under Tranche 1 of the ASEAN Green MTN Programme, which carries a 15-year tenor and a total issue size of up to RM630 million, will be used to develop FMM’s three green logistics hubs in Pulau Indah, Klang, Selangor.
The ASEAN Green MTN Programme enables multi-tranche issuances to support FMM House’s upcoming eligible logistics infrastructure projects.
“This programme is a key milestone in our journey to redefine logistics infrastructure through automation and sustainability. With UOB Malaysia’s support, we are confident in delivering high-impact developments that meet global green standards and drive long-term value for our stakeholders,” said FMM House director Tan Sri Teo Chiang Hong.
FMM House’s logistics development in Pulau Indah will feature automated warehouse storage systems, with a combined gross floor area of approximately 1.67 million square feet and a storage capacity of around 218,000 pallets.
The development includes both ambient and cold room facilities and has achieved a pre-certified Gold Status under Leadership in Energy and Environmental Design (LEED), a globally recognised green building rating.
-- BERNAMA