Thursday, October 26, 2017

FW: MARC PRESENTS AWARDS TO 2016 LEAGUE TABLE WINNERS AT LEAD MANAGERS APPRECIATION EVENING; LAUNCHES CREDIT MAPPER

 

 

 

P R E S S  A N N O U N C E M E N T

                       

FOR IMMEDIATE RELEASE

 

 

MARC PRESENTS AWARDS TO 2016 LEAGUE TABLE WINNERS AT LEAD MANAGERS APPRECIATION EVENING; LAUNCHES CREDIT MAPPER

 

Malaysian Rating Corporation Berhad (MARC) held its annual Lead Managers Appreciation Evening at the Majestic Hotel Kuala Lumpur on October 25, 2017.  MARC’s guest of honour of the evening, Y. Bhg. Dato’ Ahmad Fairuz Zainol Abidin, Deputy Chief Executive of the Securities Commission, presented the awards to the winners.

 

Presented annually, MARC’s Lead Managers League Table awards recognise the contributions of lead arrangers and issuers to the development of the domestic debt and sukuk capital markets.  MARC’s Chief Executive Officer Mohd Razlan Mohamed commented in his opening remarks that the debt capital market had rebounded after a challenging environment in 2016. “Effective capital markets will remain crucial to the efficient allocation of credit and investment going forward. Against this backdrop, we see growing demand for innovative and well-structured debt instruments,” said Razlan.

 

The awards for top lead manager with respect to number of programmes and their corresponding value arranged in 2016 went to CIMB Investment Bank Berhad. MARC introduced a special award this year, Project Finance Sukuk of the Year 2016, which was awarded to Lebuhraya Duke Fasa 3 Sdn Bhd. The sukuk issuance of RM3.64 billion to finance a greenfield toll-road project in the Klang Valley represents the largest domestic project financing sukuk in 2016.

 

At the appreciation evening, MARC also launched its CreditMapper, a web-based data analytical tool that allows users to perform credit assessments of corporates and financial institutions. The CreditMapper produces quantitatively derived credit assessments which can be used to supplement users’ credit assessment process.

 

MARC looks forward to working closely with lead managers and issuers to bring more innovation in our bond and sukuk market which remains a significant source of funding for infrastructure development. Since its inception in 1996 to September 2017, MARC has rated 786 bonds and sukuk issues valued at RM515 billion.

 

Contacts: Ahmad Feizal Sulaiman Khan, +603-2717 2911/ feizal@marc.com.my; Lana Mahbob, +603-2717 2912/ lana@marc.com.my.

 

October 26, 2017

 

[This announcement is available in the MARC corporate homepage at http://www.marc.com.my]

 

© 2017 Malaysian Rating Corporation Berhad

 

IMPORTANT NOTICE:
The information contained in this email and/or any attachment hereto is strictly confidential and privileged. If you are not the intended recipient, and/or have received this email in error, you must not copy, disseminate or disclose the contents of this message and/or any attachment to any other person. Please notify the sender and delete this message and any attachment from your system. Malaysian Rating Corporation Berhad (“MARC”) accepts no liability in respect of prohibited and unauthorised use by an unintended addressee or recipient. Any opinion, view or other information in this message and/or any attachment hereto which does not relate to the official business of MARC is that of the individual sender. Although this email and/or any attachment is believed to be free of any virus or other defect which may affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus-free and MARC accepts no responsibility for any loss or damage arising in any way from the use thereof.

 

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Related Posts with Thumbnails