KUALA LUMPUR (Jan 30): Ringgit-denominated sukuk issuances dominated Malaysian fund-raising activities approved by the Securities Commission Malaysia (SC) in 2011, accounting for RM78.9 billion out of RM118.9 billion total funds approved through the capital market.
The SC said on Monday said that more than half of the amount to be raised from sukuk issuances was approved during the fourth quarter, through 15 Ringgit-denominated sukuk issues which are set to raise RM41.7 billion from the market.
The SC said in its Q4 2011 scorecard that fund-raising activities through issuances of corporate bonds and sukuk had increased significantly.
A total of 33 applications for corporate bonds and sukuk were approved during the quarter, an increase of 120% against the 15 applications approved in Q3.
These involved 28 Ringgit-denominated issues and eight foreign currency-denominated issues, it said.
The regulator said the approvals also included the world’s largest corporate sukuk programme of RM23.3 billion by Projek Lebuhraya Usahasama Berhad, adding that the issuance commenced under the programme in 2012.
The SC said corporate bonds and sukuk issues approved in Q4 are expected to raise a total of RM48.2 billion, which is three times more than the RM16.1 billion approved in Q3.
“In total, almost RM112.3 billion in Ringgit-denominated corporate bonds and sukuk was approved as of end 2011, which is almost double the RM63.6 billion approved in 2010,” it said.
The SC said it approved two applications for initial public offering (IPO) in Q4.
The two IPOs are expected to raise RM820.8 million from the capital market and to have a combined potential market capitalisation of RM3.2 billion, it said.
On collective investment schemes, the SC approved 33 applications to establish new funds in Q4, as compared to 20 in Q3.
Out of the total applications for new funds, 14 are for the establishment of new unit trust funds; 18 for wholesale funds and one for real estate investment trust (REIT), it said.
The SC said on Monday said that more than half of the amount to be raised from sukuk issuances was approved during the fourth quarter, through 15 Ringgit-denominated sukuk issues which are set to raise RM41.7 billion from the market.
The SC said in its Q4 2011 scorecard that fund-raising activities through issuances of corporate bonds and sukuk had increased significantly.
A total of 33 applications for corporate bonds and sukuk were approved during the quarter, an increase of 120% against the 15 applications approved in Q3.
These involved 28 Ringgit-denominated issues and eight foreign currency-denominated issues, it said.
The regulator said the approvals also included the world’s largest corporate sukuk programme of RM23.3 billion by Projek Lebuhraya Usahasama Berhad, adding that the issuance commenced under the programme in 2012.
The SC said corporate bonds and sukuk issues approved in Q4 are expected to raise a total of RM48.2 billion, which is three times more than the RM16.1 billion approved in Q3.
“In total, almost RM112.3 billion in Ringgit-denominated corporate bonds and sukuk was approved as of end 2011, which is almost double the RM63.6 billion approved in 2010,” it said.
The SC said it approved two applications for initial public offering (IPO) in Q4.
The two IPOs are expected to raise RM820.8 million from the capital market and to have a combined potential market capitalisation of RM3.2 billion, it said.
On collective investment schemes, the SC approved 33 applications to establish new funds in Q4, as compared to 20 in Q3.
Out of the total applications for new funds, 14 are for the establishment of new unit trust funds; 18 for wholesale funds and one for real estate investment trust (REIT), it said.
