First sustainable cross-currency repo

KUALA LUMPUR: RHB Banking Group has introduced Malaysia’s first sustainable use-of-proceeds cross-currency repurchase (repo) transaction. The deal involves a cross-currency repurchase of Australian dollar bonds for ringgit bonds. RHB said the transaction is specifically aimed at supporting businesses in their transition towards sustainability. “The Malaysian ringgit proceeds will be directed toward eligible small and medium enterprises loans that fulfil the approved sustainability criteria.”