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RETAIL INVESTMENT | Cesar Tordesillas, Malaysia

CIMB, tops MARC's Lead Managers' League Table

Malaysian Rating Corp Lead Managers' League Table for 2010 rated CIMB Investment Bank on top in terms of value and number of issues.


Maybank Investment Bank Bhd came in second.

"CIMB lead-managed five issuances amounting to RM6.72 billion and Maybank-IB lead-managed four totalling RM6.22 billion," according to a statement by MARC.

In 2010, MARC said it rated 22 corporate debt issues worth RM19.975 billion or US$6.56 billion compared with 29 issues worth RM14.8 billion or US$4.86 billion in 2009.

"Half of the number of issuances were structured based on Islamic financing principles while in terms of value, sukuk accounted for close to 60 per cent, or RM11.9 billion, of the total amount issued.

It said the first half of 2010 started on a low note with a modest number of issuance volumes.

"As the year unfolded, a definite pick-up in activity was observed with the debut of Danajamin-wrapped issues, followed by several notable infrastructure financings," it said.

According to MARC, the momentum in the primary bond market was expected to be sustained in 2011, assisted by an improved economic environment.

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