[MARC] MARC Solutions assigns “Gold” Impact Assessment to PTP’s Sustainability Sukuk Framework

MARC Solutions has assigned a “Gold” Impact Assessment to Pelabuhan Tanjung Pelepas Sdn Bhd’s (PTP) Sustainability Sukuk Framework. The framework sets forth the guiding principles for PTP’s issuance of sustainable financing to fund Eligible Projects that contribute towards environmental and social benefits.

PTP is a joint venture between MMC Port Holdings Sdn Bhd (70% shareholding) and APM Terminals B.V. (30% shareholding). Strategically located by the Strait of Malacca, PTP’s significant annual capacity, advanced technology and transportation connectivity collectively support its role in regional economic development and international trade.

Proceeds raised from the issuance of Sustainability Sukuk will be utilised to finance new or existing assets, businesses, projects and/or products within the following Eligible Categories:

We opine that the framework is aligned with the core components of the applicable guidelines, frameworks, and principles published by the Securities Commission Malaysia, ASEAN Capital Markets Forum, and the International Capital Market Association, among others.

The Gold assessment of the framework reflects the view that the use of proceeds would provide relevant social and environmental benefits that support eight of the 17 United Nations Sustainable Development Goals.

Vivian Tan, +603-2717 1775/ viviantan@marc.com.my
Leslie Jong, +603-2717 2963/ vuimin@marc.com.my