LBS Bina tapped the Islamic capital markets with a MYR400 million senior unsecured Asean social sustainable and responsible investment (SRI) sukuk wakala, the second draw-down under its MYR750 million programme.
The seven-year notes carry a 4.81% periodic distribution rate and mature in January 2032. Proceeds are allocated for affordable-housing projects, aligning the issuance with LBS’s Sustainability Financing Framework and reinforcing its social-finance credentials.
The tranche also marks LBS’s first unsecured sukuk and the longest tenor it has achieved to date, signalling the developer’s growing credit stature.
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