Photo by Calvin Teo.

Maybank Singapore approves landmark US$100m green-linked Islamic loan

Maritime transportation services company AET will use it to reduce GHG emissions.

Maybank Singapore has extended a US$100m green-linked Islamic loan to AET, an owner and operator of maritime transportation assets and specialized services.

The transaction marks the first sustainability-linked, Islamic revolving credit facility (RCF-i) in Southeast Asia.

Funds from the maiden RCF-i will support AET’s goal to reduce its fleet’s GHG emissions intensity by 40% by 2030, measured against a 2008 baseline. It is also expected to help AET achieve its long-term commitment of net-zero GHG emissions by 2050.

ALSO READ: Maybank opens Islamic wealth management hub in Singapore
 
AET is also looking to invest in new assets and businesses that support the energy transition. This RCF-i can be used to fund such low-carbon initiatives and decarbonisation efforts to meet the world’s energy needs in the most sustainable and responsible way. 
 
Maybank served as the loan’s sole financier, with Maybank Investment Bank as the Sustainability Structuring Adviser.

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!