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Cypark Appoints Maybank As Principal Adviser For Its Unrated Sukuk Programme

Business Today ·  Oct 29 22:24

Cypark Resources Berhad appoints of Maybank Investment Bank as the Principal Adviser, Lead Arranger, and Lead Manager for its Unrated Sukuk Programme.

The group said the Sukuk programme is designed to align its financing obligations with long-term concession cashflows, aimed at improving asset yield and generating stable long term cash flow surplus from the Company's solar and waste-to-energy assets.

Dato' Ami Moris, Executive Chair of Cypark Resources Berhad, stated, "This initiative is in line with the increasing demand for sustainable and renewable energy supply in Malaysia. Together with the Maybank Investment Banking team, we share a common goal in utilising sustainable financing solutions to support our long-term goals."

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