Posted Date : 09 Oct 2009

CIMB Investment Bank Berhad topped MARC’s Lead Managers’ League Tables based on issuance value and holds the top spot with Maybank Investment Bank Berhad for issue count. Five financial institutions shared second place for issue count.

The total value of MARC rated bonds issued from January to September 2009 amounts to RM8.85 billion with 17 bonds issued. Islamic bond issues eclipsed conventional bond issues in terms of issued value and issue count accounting for 62.42% and 88.24% of the total issue value and issue count respectively.

Details of MARC’s League Tables are as follows:


Lead Manager   Conventional   Islamic   Total
  RM' million   RM' million   RM' million
1 . CIMB Investment Bank Berhad   3,000.00   2,500.00   5,500.00
2 . Maybank Investment Bank Berhad       1,200.00   1,200.00
3 . AmInvestment Bank Berhad       700.00   700.00
4 . RHB Investment Bank Berhad   326.25   134.21   460.46
5 . OSK Investment Bank Berhad       400.00   400.00
6 . MIDF Amanah Investment Bank Berhad       350.00   350.00
7 . MIMB Investment Bank Berhad       140.00   140.00
8 . Kenanga Investment Bank Berhad       100.00   100.00
  Grand Total     3,326.25   5524.21   8,850.46

Ranking Lead Manager   Conventional   Islamic   Total
  No. of issues   No. of issues   No. of issues
1 . Maybank Investment Bank Berhad       3   3
2 . CIMB Investment Bank Berhad   1   2   3
3 . MIMB Investment Bank Berhad       2   2
4 . MIDF Amanah Investment Bank Berhad       2   2
5 . RHB Investment Bank Berhad   1   1   2
6 . OSK Investment Bank Berhad       2   2
7 . AmInvestment Bank Berhad       2   2
8 . Kenanga Investment Bank Berhad       1   1
  Grand Total     2   15   17

For the first nine months of 2009, the total value of newly-rated bonds assigned and announced in Malaysia amounted to RM32.15 billion, of which RM18.09 billion or 56.26% were rated by MARC. Going forward for the next 6 months MARC expects a pick-up in corporate bond activity in line with economic growth which is expected to move into positive territory. The formation of Danajamin Nasional Berhad also augurs well for lower investment grade issues which have not been able to access the bond market due to investor risk aversion.

Notable rated bonds assigned and announced by MARC includes, Sime Darby Berhad’s proposed RM4.5 billion bonds issue, IJM Corporation Berhad’s proposed RM1 billion Commercial Papers/Medium Term Notes Programme, CIMB Bank Berhad’s proposed RM5 billion Subordinated Debt and Junior Sukuk Programme, UMW Holdings Berhad’s RM800 million Islamic Commercial Papers/Medium Term Notes, Bumiputra-Commerce Holdings Berhad RM3 billion Subordinated Fixed Rate Bonds and CIMB Islamic Bank Berhad RM2 billion Junior Sukuk Programme.

Roza Shahnaz Omar, 03-2090 2214/ roza@marc.com.my
Saw Leng Hean, 03-20902248/ lenghean@marc.com.my