RHB IB tops MARC’s 2018 debt and sukuk league table

This article first appeared in The Edge Financial Daily, on May 28, 2019.
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KUALA LUMPUR: RHB Investment Bank Bhd (RHB IB) is named the top arranger by issue value of debt and sukuk programmes and issuances by Malaysian Rating Corp Bhd (MARC).

In 2018, the bank was the largest issuer with a total of RM1.5 billion, followed by CIMB Investment Bank Bhd (RM650 million) and AmInvestment Bank Bhd (RM562 million).

RHB IB also topped the league table in terms of issue count with two Islamic issuances, followed by AmInvestment with a conventional and an Islamic issuance, and Affin Hwang Investment Bank Bhd with an Islamic issuance.

“Noteworthy deals rated by MARC in 2018 included the RM415 million green bonds for Segi Astana — the first ringgit-rated bonds issued under the Asean Green Bonds Standards, and the RM245 million green sukuk for Sinar Kamiri — the first green SRI Sukuk Wakalah for a listed company in Malaysia,” said the rating agency.

MARC said it introduced the Impact Bond Assessments in July last year, factoring in green, social and sustainability bonds, including sukuk, issued under Malaysia’s Sustainable and Responsible Investment Sukuk Framework.

Overall, the agency rated issuances by six banks in 2018, totalling RM3.18 billion via eight debt and sukuk programmes.