KUALA LUMPUR, Johor Plantations Group Bhd (JPG) has successfully issued its first Sustainability Sukuk Wakalah–Islamic Medium-Term Notes (IMTN), raising RM200 million under its Series 2 programme.
The 10-year sukuk, maturing on Aug 15, 2035, carries a periodic distribution rate of 3.70% per annum. JPG said the issuance was oversubscribed by 4.93 times during the bookbuilding process, reflecting strong investor demand and confidence in the group’s sustainability efforts and operational performance.
Proceeds will fund Shariah-compliant capital expenditure for JPG’s Integrated Sustainable Palm Oil Complex (ISPOC), recognised as an eligible green project under its sustainability framework. 
Maybank Investment Bank Bhd acted as principal adviser and sustainability structuring adviser. CIMB Investment Bank Bhd and Maybank Investment Bank Bhd were joint lead arrangers, while Affin Hwang Investment Bank, AmInvestment Bank, Bank Islam, CIMB Investment Bank and Maybank Investment Bank served as joint lead managers.
