KUALA LUMPUR: Hong Leong Bank Bhd (HLB) and Hong Leong Islamic Bank Bhd (HLIB) have completed a socially sustainable securitisation exercise worth RM300mil to Cagamas Bhd.

       In a statement, HLB said the transactions involved three years socially sustainable securitisation of RM200mil of HLB’s and RM100mil of HLIB’s affordable home loans and financing respectively.

       The bank said these affordable home financing assets were among HLB’s eligible socially sustainable assets that met the bank’s and Cagamas’ stringent environmental, social and governance criteria.

       Subsequently, it enabled Cagamas to conclude their first double issuance of the Asean sustainability SRI sukuk and the Asean sustainability bonds, under their RM60bil Islamic/conventional medium-term notes programme.