BPA MALAYSIA BOND LEAGUE TABLES FOR 1ST QUARTER 2012 (By BPA Malaysia)

BPA MALAYSIA BOND LEAGUE TABLES FOR 1^ST QUARTER 2012

KUALA LUMPUR, April 2, 2012 – BPA Malaysia has released its latest bond market league table report today. The report highlights market performance from four perspectives, namely Top Issuer, Top Traded Bond, Top Bond Trustee and Top Lead Arranger.

The latest report covers the period 1^st January 2012 to 31^st March 2012.

Summarised Results:

Top Bond Issuer Overall:	Bank Negara Malaysia	RM 67.00 bil
Top Corporate Bond Issuer:	Hong Leong Financial Group Berhad	RM 1.32 bil
Top Sukuk Issuer:	BNM Sukuk Berhad	RM 40.20 bil
Top Traded Bond Overall:	Government of Malaysia	RM 227.68 bil
Top Traded Corporate Bond:	Public Bank Berhad	RM 1.73 bil
Top Traded Sukuk:	BNM Sukuk Berhad	RM 77.20 bil
Top Bond Trustee Overall (by value):	Mayban Trustees Berhad	RM 21.35 bil
Top Bond Trustee (by issuance):	Mayban Trustees Berhad	58 issues
Top Conventional Bond Trustee (by value):	Malaysian Trustees Berhad	RM 1.93 bil
Top Sukuk Trustee (by value):	Mayban Trustees Berhad	RM 20.89 bil
Top Lead Arranger Overall	CIMB Investment Bank Berhad	RM35.17 bil
Top Lead Arranger (by issuance)	Maybank Investment Bank Berhad	79 issues

Results of the previous quarter (1^st October 2011 to 31^st December 2011)

Top Bond Issuer Overall:	Bank Negara Malaysia	RM 40.50 bil
Top Corporate Bond Issuer:	Hong Leong Financial Group Berhad	RM 1.72 bil
Top Sukuk Issuer:	BNM Sukuk Berhad	RM 25.50 bil
Top Traded Bond Overall:	Government of Malaysia	RM 130.17 bil
Top Traded Corporate Bond:	Cagamas Berhad	RM 1.87 bil
Top Traded Sukuk:	BNM Sukuk Berhad	RM 52.53 bil
Top Bond Trustee Overall (by value):	Malaysian Trustees Berhad	RM 7.38 bil
Top Bond Trustee (by issuance):	Malaysian Trustees Berhad	54 issues
Top Conventional Bond Trustee (by value):	Malaysian Trustees Berhad	RM 1.92 bil
Top Sukuk Trustee (by value):	Malaysian Trustees Berhad	RM 5.46 bil
Top Lead Arranger Overall	CIMB Investment Bank Berhad	RM8.30 bil
Top Lead Arranger (by issuance)	Maybank Investment Bank Berhad	89 issues

Full details of the leagues tables can be obtained directly from the BPA Malaysia website at www.bpam.com.my

About BPA Malaysia

Established in 2004 under the name Bondweb Malaysia Sdn Bhd, BPA Malaysia is currently the only registered bond pricing agency as accredited by the Securities Commission of Malaysia. We are the market leader in delivering evaluated pricing and bond data services on the Malaysian Fixed Income market, and currently serve over 120 local and international financial institutions. BPA Malaysia works with a wide range of strategic partners ranging from financial institutions and intermediaries, academia, global information vendors, research houses, media organizations and training providers. Visit us at www.bpam.com.my

For more information, contact:

Market Development

Tel: +603 2772 0888

Fax: +603 2772 0887

E-mail: enquiries@bpam.com.my

Bond Pricing Agency Malaysia Sdn Bhd

17-8 & 19-8, The Boulevard, Mid Valley City

Lingkaran Syed Putra

59200 Kuala Lumpur

Malaysia.

Retail investors among regulator’s priorities (By IFN)

See: http://redmoney.newsweaver.co.uk/1tyogw7nfl7h38rwoni3wx?email=true&a=6&p=22756765&t=20967645 MALAYSIA: Securities Commission Malaysia (SCM) has outlined its plans for 2012, which includes boosting retail participation in Sukuk and conventional bonds by facilitating the offering of corporate bonds to retail investors. The Malaysian regulator is also set to launch a framework for business trust to create a regional funds passport to facilitate cross-border unit trusts investments. A statement released by SCM said: “Retail investors can look forward to an expansion in product range and asset classes to cater to their investment needs. Other initiatives include improving the access of retail investors to fixed income, derivative and regional products. To facilitate retail participation in Sukuk and conventional bonds, SCM and Bursa Malaysia are working together to facilitate the offering of corporate bonds to retail investors.” The regulator also revealed its efforts to protect foreign and local issuers and investors in the private debt securities and Sukuk markets by creating tailor-made protection requirements for investors. It was also revealed that the amount of fund-raising approved by SCM in 2011 totaled to RM118.93 billion (US$38.69 billion) as at the end of 2011, compared to RM77.02 billion (US$25.5 billion) in 2010. Sukuk approvals had also more than doubled to RM78.9 billion (US$25.67 billion) from RM38.3 billion (US$12.46 billion) the year earlier. An increase in demand from global investors in private debt securities had also boosted numbers to RM15.1 billion (US$4.92 billion) at the end of 2011, compared to RM14.3 billion (US$4.65 billion) in the year before. Out of this, RM5.05 billion (US$1.64 billion) was invested in Sukuk.

Greek prime minister warns of March default

(bbc bEWS): Greek Prime Minister Lucas Papademos has said Greece may default on its debts in March unless unions accept further cuts to salaries.

Mr Papademos said more cuts were needed to avoid exiting the eurozone.

Analysts say the warning is to prepare Greece for more austerity measures.

European Commission, International Monetary Fund and European Central Bank inspectors, known as the troika, arrive to assess Greece's progress in cutting its deficit on 15 January.

They will decide whether to provide further bailout funds to the country.

SEE BBC NEWS: http://www.bbc.co.uk/news/business-16418523

The Malaysia Reserve - 9 November 2011 - Page 7

Article in the Malaysian Reserve where I was quoted. First article, fourth column.

TMR-20111109-pg07-7

League table for the first 9 months of 2011 by Bond Pricing Agency Malaysia

Below is the League Table for the YTD 9 months of 2011.

2011 9months Text

Below is the League Table for third quarter of 2011.

2011Q3 text

USD in high demand - The Star Newspaper; August 1, 2011

Something that I said that was quoted in the papers on Monday 1 August 2011.

TheStar_010811

Obama announces US deficit deal between party leaders

US President Barack Obama says Republican and Democratic leaders have reached an agreement on raising the US debt limit and avoiding default.




He said the deal would cut $1tn of spending over 10 years, and set up a committee to report by November on a proposal to further reduce the deficit.

CLICK ON THIS LINK TO SEE FULL ARTICLE FROM THE BBC

BPAM: The Bond Index Monthly Report for May 2011 is now available.

These reports give an instant snapshot on the performance of our key bond indices in an easy-to-read and understand format. These reports are also accessible on our Commentary & Research pages under "BPAM Research -> BPAM Bond Index Reports"

www.bpam.com.my

Bond Market Performance 24 May 2010 - 24 May 2011

The one year performance (24 May 2010 - 24 May 2011) of the Conventional bonds versus the Islamic sukuk in the Malaysian bond market using the BPA Malaysia FiiX Bond Index Series.

Double click on the image to enlarge.

Based on the graph, the sukuk market outperforms the conventional bond market.

See: www.bpam.com.my

BPA Malaysia Ringgit Bond Index overview as at end of April 2011

A rating action affecting the water industry had a major impact on the performance of the corporate bond and sukuk groups. The downgrade by MARC on 6th April 2011 of most of the water utility players caused a drop in value of RM1.052 billion from the market. Despite the sharp drop in the corporate market, the Government bond market rallied.

[Double click on the image to enlarge]

Bondholders not accepting haircut - The StarBiz 15 April 2011

Article from the Star newspaper using BPA Malaysia's data. Bondholders not accepting haircut - The StarBiz 15 April 2011

RM1b wipeout due to downgrades, 12 April 2011, The Star

Article with BPA Malaysia providing the information.

RM1b wipeout due to downgrades, 12 April 2011, The Star

Good Time for Corporates to Issue Bonds - The StarBiz, Page 1 - 04 April 2011

This was the article that came out in today's StarBiz on page 1. The interview took place last Friday.
Good Time for Corporates to Issue Bonds - The StarBiz, Page 1 - 04 April 2011

BPA MALAYSIA BOND LEAGUE TABLES FOR 1ST QUARTER 2011

KUALA LUMPUR, April 1, 2011 – BPA Malaysia has released its latest bond market league table report today. The report highlights market performance from three perspectives, namely Top Issuer, Top Traded Bond and Top Bond Trustee.

In addition, BPA Malaysia has also released a new set of league tables, listing the Top Lead Arrangers by amount issued, by number of issuance, by facility limit and by number of facility issued.

The latest report covers the period 1st January 2011 to 31st March 2011.


Summarised Results:

Top Bond Issuer Overall: Bank Negara Malaysia RM 60.75 bil
Top Corporate Bond Issuer: Tanjong Capital Sdn Bhd RM 1.35 bil
Top Sukuk Issuer: BNM Sukuk Berhad RM 22.35 bil

Top Traded Bond Overall: Government of Malaysia RM 154.60 bil
Top Traded Corporate Bond: Cagamas Berhad RM 1.24 bil
Top Traded Sukuk: BNM Sukuk Berhad RM 44.23 bil

Top Bond Trustee Overall (by value): Malaysian Trustees Berhad RM 2.98 bil
Top Bond Trustee (by issuance): Equity Trust (Malaysia) Berhad 67 issues
Top Conventional Bond Trustee (by value): Malaysian Trustees Berhad RM 1.16 bil
Top Sukuk Trustee (by value): Malaysian Trustees Berhad RM 1.82 bil

Top Lead Arranger Overall CIMB Investment Bank Berhad RM5.83 bil
Top Lead Arranger (by issuance) Maybank Investment Bank Berhad 46 issues


Results of the previous quarter (1st October 2010 to 31st December 2010)

Top Bond Issuer Overall: Bank Negara Malaysia RM 60.20 bil
Top Corporate Bond Issuer: CIMB Bank Berhad RM 2.00 bil
Top Sukuk Issuer: BNM Sukuk Berhad RM 22.20 bil

Top Traded Bond Overall: Bank Negara Malaysia RM 138.55 bil
Top Traded Corporate Bond: Cagamas Berhad RM 0.77 bil
Top Traded Sukuk: BNM Sukuk Berhad RM 27.40 bil

Top Bond Trustee Overall (by value): Mayban Trustees Berhad RM 7.63 bil
Top Bond Trustee (by issuance): Mayban Trustees Berhad 103 issues
Top Conventional Bond Trustee (by value): Malaysian Trustees Berhad RM 3.26 bil
Top Sukuk Trustee (by value): Mayban Trustees Berhad RM 5.85 bil


Full details of the leagues tables can be obtained directly from the BPA Malaysia website at www.bpam.com.my


About BPA Malaysia

Established in 2004 under the name Bondweb Malaysia Sdn Bhd, BPA Malaysia is currently the only registered bond pricing agency as accredited by the Securities Commission of Malaysia. We are the market leader in delivering evaluated pricing and bond data services on the Malaysian Fixed Income market, and currently serve over 120 local and international financial institutions. BPA Malaysia works with a wide range of strategic partners ranging from financial institutions and intermediaries, academia, global information vendors, research houses, media organizations and training providers. Visit us at www.bpam.com.my


For more information, contact:

Market Development
Tel: +603 2772 0888
Fax: +603 2772 0887
E-mail: enquiries@bpam.com.my

Bond Pricing Agency Malaysia Sdn Bhd
17-8 & 19-8, The Boulevard, Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur
Malaysia.

My comments in the papers: Influx of gulf funds viewed as temporary

Below is the link to the article in The Star Newspaper that quoted me.

http://www.bpam.com.my/fileDownload.asp?File=/upload/in_the_press/&Name=TheStar_030311.pdf&Size=0

Bond Market performance for February 2011 appears lower compared to the previous month

Returns in the Malaysian bond market remain mixed for the second month running. Practically all bond classes suffered poorer performance in February 2011 compared to January 2011. Although this is typical for this time of the year due to the number of public holidays as well as the shorter month compared to other months of the year, other factors have multiplied it further. The possible impact to the world's economy due to events in the Middle East is one key factor that caused yields for the bond market to be more hawkish. Government papers appears to take the brunt of the current market sentiment.

Visit: http://www.bpam.com.my/ for a copy of the report

Bond Index Monthly Report - January 2011 - Returns in the Malaysian bond market were mixed

Returns in the Malaysian bond market were mixed. Some bond classes fared better while others did not. Government Bonds improved when compared to the returns registered in December 2010 but Corporate Bonds returns moved in the opposite direction. Due to the concerns of the market of another rate hike by BNM, the yield for the bond market has been pushed higher. However, the status-quo in the Malaysian Overnight Policy Rate by BNM on 27 January 2011 did help reverse the hawkish market sentiment hence reducing the yields of the Government papers. Although this has an effect of improving the returns for government bonds, the same has yet to be seen for the corporate bond which tends to lag the Government papers.
Bond Index Monthly Report - January 2011; by Bond Pricing Agency Malaysia

The Bond Market League Tabled for 2010

The Bond Market League Tabled for 2010 by Bond Pricing Agency Malaysia.

The Bond Market League Tabled for 2010

Article: The Robust Bond Market - The Star - 01 Jan 2011

This was the article at the start of the new year that published my comments regarding the direction of the bond market for 2011.



Article: The Robust Bond Market - The Star - 01 Jan 2011

Promoting anything without the necessary information is a recipe for disaster.

Yesterday, I participated in a panel discussion about the Malaysian Bond Market and derivatives organised by ASLI. Below is the agenda of the conference.

The 15th Malaysian Capital Market Summit - ASLI - Agenda

It was interesting to hear the ideas from the other panelists about what can be done to increase the bond and derivatives market further.

For my part, I highlighted the need of getting the information infrastructure in place first before pushing ahead with new derivative products. Promoting such a market without the necessary information is a recipe for disaster.

Below was the scene taken from the stage. This event was held at the Prince Hotel.