Hong Leong Bank and Cagamas Champion Malaysia’s First Green Housing Loan Issuances

Hong Leong Bank, Hong Leong Islamic Bank, and Cagamas Berhad have jointly announced the successful completion of Hong Leong Bank‘s green housing loans and financing transaction, worth a total of RM300 million.

This was supported by Cagamas’ issuance of ASEAN Green Bonds and ASEAN Green SRI Sukuk under its Conventional/Islamic Medium Term Notes programme. These issuances are a first in Malaysia for corporate deals tied to green housing loans and financing.

The green assets are focused on residential properties and buildings that meet the GreenRE and Green Building Index certification standards. This collaboration underscores the determination of Cagamas and Hong Leong Bank to advancing green housing and aiding in the process of transitioning towards a low-carbon economy.

It’s worth noting that Cagamas, which is Malaysia’s National Mortgage Corporation, had previously worked with Hong Leong Bank on an ASEAN Sustainability Bond for affordable housing loans back in 2021.

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