CIMB and Maybank still top of the league

by **Cals** Wed 05 Feb 2014, 20:16

CIMB and Maybank still top of the league
Business & Markets 2014
Written by Ahmad Naqib Idris Adzman Shah of theedgemalaysia.com
Wednesday, 05 February 2014 17:13

KUALA LUMPUR (Feb 5): Malaysian Rating Corporation Bhd (MARC) said in a statement today that CIMB Investment Bank Bhd and Maybank Investment Bank Bhd retained their top spots in MARC’s 2013 Lead Managers League Tables.

CIMB Investment and Maybank Investment claimed their top spots based on issue value and issue count respectively.

“This marks CIMB Investment’s second consecutive year at the top of the issue-value league table with an issue value of RM14.9 billion,” said the credit rating firm.

Maybank Investment and AmInvestment Bank Bhd took second and third place, with issue values of RM10.4 billion and RM2.2 billion respectively.

“In the issue-count league table, Maybank Investment topped the list with seven issues, followed closely by CIMB Investment and RHB Investment Bank Bhd with five and three issues, respectively,” said MARC.

MARC had rated a total of 17 new issuances in 2013, with a total debt size of RM31.0 million, compared with 11 issuances totalling 37.5 billion in 2012, with sukuk issuances dominating the issuance of rated fixed-income securities.

“Noteworthy MARC-rated issuances in the year were CIMB Bank Bhd’s RM10.0 billion Basel-III compliant Tier-2 Subordinated Debt Programme, Malakoff Power Bhd’s RM5.38 billion Sukuk Murabahah, Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd’s 2.3 billion Sukuk Musharakah, Kapar Energy Ventures Sdn Bhd’s RM2.0 billion Sukuk Ijarah and TNB Northern Enery Bhd’s RM1.6 billion issuance of Sukuk,” said MARC.