Posted Date : 22 Jan 2010
CIMB Investment Bank Berhad (CIMB) and Maybank Investment Bank Berhad (MIB) clinched the top spots on Malaysian Rating Corporation Berhad’s (MARC) 2009 Lead Managers League Tables by value and number of issues, respectively. MIB and Public Investment Bank Berhad ranked second and third, respectively by value. CIMB ranked second whilst AmInvestment Bank Berhad and RHB Investment Bank Berhad jointly ranked third, by number of issues.
MARC-rated bonds, issued in 2009, totalled 29 in number and RM14.8 billion in value, of which Islamic bonds accounted for 70.04% in terms of value and 82.75% in terms of number of issues. Among the notable issuances rated by MARC for 2009 were Sime Darby Berhad’s RM4.5 billion Islamic Medium Term Notes Programme, IJM Corporation Berhad’s RM1 billion Commercial Papers/Medium Term Notes Programme, UMW Holdings Berhad’s RM800 million Islamic Commercial Papers/Medium Term Notes Programme, CIMB Group Holdings Berhad’s RM3 billion Subordinated Fixed Rate Bonds and CIMB Islamic Bank Berhad’s RM2 billion Junior Sukuk Programme.
Reflecting the high degree of investor aversion prevailing then, the issuers were mostly of high investment grade. Issuance of new corporate bond programmes in 2009, especially in the first quarter, was subdued against the backdrop of the global economic downturn.
MARC expects a pick-up in bond issuance activity in 2010 in line with its forecast of 3.6% GDP growth for the year. The rating agency projects new corporate bond issuances in 2010 to be in the region of RM50 billion underpinned by the effects of government stimulus packages, increased public and private investment spending as well as more stable external macro environment.
Details of MARC’s League Tables are as follows:-
LEAD MANAGERS LEAGUE TABLE FOR JANUARY - DECEMBER 2009
(By Value RM’ million)
| No. | Lead Managers | Conventional | Islamic | Total | ||||
| 1 | CIMB Investment Bank Berhad | 3,000.0 | 4,000.0 | 7,000.0 | ||||
| 2 | Maybank Investment Bank Berhad | 55.0 | 3,025.0 | 3,080.0 | ||||
| 3 | Public Investment Bank Berhad | 1,500.0 | 1,500.0 | |||||
| 4 | RHB Investment Bank Berhad | 1,326.3 | 134.2 | 1,460.5 | ||||
| 5 | AmInvestment Bank Berhad | 725.0 | 725.0 | |||||
| 6 | OSK Investment Bank Berhad | 400.0 | 400.0 | |||||
| 7 | MIDF Amanah Investment Bank Berhad | 350.0 | 350.0 | |||||
| 8 | MIMB Investment Bank Berhad | 140.0 | 140.0 | |||||
| 9 | Kenanga Investment Bank Berhad | 100.0 | 100.0 | |||||
| 10 | United Overseas Bank (Malaysia) Berhad | 55.0 | 55.0 | |||||
| 4,436.3 | 10,374.2 | 14,810.5 |
LEAD MANAGERS LEAGUE TABLE FOR JANUARY - DECEMBER 2009
(By Number of Issues)
| No. | Lead Managers | Conventional | Islamic | Total | ||||
| 1 | Maybank Investment Bank Berhad | 1 | 7 | 8 | ||||
| 2 | CIMB Investment Bank Berhad | 1 | 4 | 5 | ||||
| 3 | RHB Investment Bank Berhad | 2 | 1 | 3 | ||||
| 4 | AmInvestment Bank Berhad | 3 | 3 | |||||
| 5 | Public Investment Bank Berhad | 2 | 2 | |||||
| 6 | OSK Investment Bank Berhad | 2 | 2 | |||||
| 7 | MIMB Investment Bank Berhad | 2 | 2 | |||||
| 8 | MIDF Amanah Investment Bank Berhad | 2 | 2 | |||||
| 9 | Kenanga Investment Bank Berhad | 1 | 1 | |||||
| 10 | United Overseas Bank (Malaysia) Berhad | 1 | 1 | |||||
| Total | 5 | 24 | 29 |
Contacts:
Roza Shahnaz Omar, 03-2090 2214/ roza@marc.com.my;
Shanizar Ahmad Shahar, 03-2090 2212/ shanizar@marc.com.my