CIMB feted at IFN’s Offers of the 12 months Awards 2021



KUALA LUMPUR: CIMB Funding Financial institution Bhd and CIMB Islamic Financial institution Bhd have acquired a number of awards by Islamic FInance Information on the IFN Offers of the 12 months Awards 2021.

As well as, CIMB Islamic Financial institution has been acknowledged because the Finest Islamic Financial institution in Malaysia for the sixth straight yr on the IFN Finest Financial institution Ballot 2021.

CIMB mentioned its awards embody IFN Wakalah Deal of the 12 months, IFN Musharakah Deal of the 12 months, IFN Sovereign and Multilateral Deal of the 12 months and IFN SRI and ESG Deal of the 12 months.

“These awards showcase CIMB’s means to persistently ship bespoke and revolutionary options to fulfill our purchasers’ funding wants, additional entrenching CIMB’s and Malaysia’s place as a world chief within the Sukuk market.

“These awards additionally spotlight our progress in the direction of turning into an ASEAN chief in sustainability, together with our dedication to mobilize RM30 billion in sustainable finance by 2024,” mentioned CIMB Funding Financial institution Bhd CEO Jefferi Hashim in an announcement.

He added that CIMB Islamic Financial institution’s recognition because the Finest Islamic Bnk underscored its contribution to the event of Islamic finance for people, SMEs and company, in addition to its help for the group and surroundings.

Among the many notable Sukuk offers was the Authorities of Malaysia’s (GOM) 10-year US$800mil sustainability Sukuk from its twin tranche US$1.3bil Sukuk Wakalah providing, which gained the IFN Wakalah Deal of the 12 months 2021.

This was the world’s first US Greenback sustainability Sukuk providing by a sovereign and this landmark transaction achieved the bottom US Greenback yield and unfold to US Treasuries for the GOM.

CIMB acted as lively lead supervisor, lively bookrunner and shariah adviser for the transaction and had the privilege of being the one Malaysian and Asean-based financial institution within the deal.

The IFN Offers of the 12 months awards had been established in 2006 and are introduced to monetary establishments who’ve participated within the trade’s most ground-breaking transactions every year.

The IFN Finest Banks Ballot acknowledges one of the best suppliers of Islamic monetary providers as voted by the readers of IFN.

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