Based on the latest publicly available data, this landmark transaction is the world’s first Malaysian Ringgit denominated sustainability-linked derivative transaction and Asia’s largest ESG linked derivative trade to date
KUALA LUMPUR, Oct 20 (Bernama) — CIMB Bank (“CIMB” or the “Bank”) announced today that it has entered into a sustainability-linked derivative (“SLD”) transaction with Standard Chartered Malaysia in the form of an interest rate swap with a notional value of RM2.45 billion for hedging purposes. Based on publicly available data and the latest data compiled by the International Swaps and Derivatives Association (“ISDA”) as at January 2021, this landmark deal is the world’s first Malaysian Ringgit denominated SLD transaction and to date Asia’s largest environmental, social and governance (“ESG”) linked derivative transaction by notional value.