PETALING JAYA: SkyWorld Development Group was awarded the Best Structured Finance SUKUK by Asset Publishing and Research Ltd at The Asset Triple A Awards ceremony held at Shangri-La Hotel, Kuala Lumpur.
Andy with the Best Structured Finance SUKUK award
The SUKUK program is recognised for:
1) the first securitisation of progress billings in Malaysia
2) the first SUKUK to monetise unbilled sales for executed property transactions
3) the first to involve affordable housing
“One of our key strengths is to be innovative. The team has demonstrated one of our Core Values - Dare To Lead! When you innovate, you are leading the market. Kudos to the team and consultants, your hard work and effort have paid off! This is a success well deserved and an occasion worth celebrating”, said SkyWorld chief financial officer Andy Leong Chain Hong.
SkyWorld established its first landmark RM1.0 billion financial program comprising RM600 million Sukuk Musharakah IMTN Programme and a RM400 million Sukuk Murabahah ICP Programme through a special-purpose financial vehicle, SkyWorld Capital Bhd.
