The multi-currency syndicated Islamic facilities

09 Aug 2023

We are thrilled to share that we have successfully assisted Malaysian syndicated banks in a groundbreaking financing endeavor for OMS Group. The banks involved were:

• MIDF AMANAH INVESTMENT BANK BERHAD, playing a crucial role as Lead Coordinator, Mandatory Lead Arranger, Financier, Facility Agent, and Security Agent.
• OCBC AL AMIN BANK BERHAD, stepping in as Mandated Lead Arranger and Financier.
• HSBC AMANAH MALAYSIA BERHAD, serving as Mandated Lead Arranger and Financier.
• HSBC BANK MALAYSIA BERHAD, acting as Mandated Lead Arranger.
• OCBC BANK (MALAYSIA) BERHAD, participating as Mandated Lead Arranger and Original Hedge counterparty

The multi-currency syndicated Islamic facilities granted amount up to RM125,000,000 and USD56,000,000. The noteworthiness of the deal was the unique approach applied to manage the underlying complexity associated with multiple jurisdictions across cross-border parties.

This deal has received prestigious awards due to its significance in the region. The Asset Triple A Islamic Finance Awards 2023 recognized it as the "Best Islamic Loan," and Alpha Southeast Asia's 16th Annual Best Deal & Solution Awards 2022 honored it as the "Best Syndicated Loan of the Year 2022."

We are truly honored to have been a part of this milestone for AYMP's esteemed legal assistance in banking and finance. Congratulations to all parties involved, and we hope this transaction brings long-term advantages for everyone.

Our dedicated team, led by our Partner Marion Elisabeth and supported by Associates Josua Roniasi Dorulian, Tia Rosana Ratna SariAzizah Ayu KhairunisaPoltak Pane, and Andini Astarianti Soemarsono, worked tirelessly to ensure the success of this remarkable project.