KUALA LUMPUR (April 30); The Securities Commission Malaysia (SC) received a total of 19 corporate proposals in Q1 2012 as compared to 41 proposals in Q4 2011.
In a statement Monday, the SC said this was in line with the trend of increasing preference for fund-raising through issuance of corporate bonds and sukuk, the majority (79%) of the proposals were for issuance of private debt securities (PDS).
The SC said that out of the 19 corporate proposals, 15 were for PDS while the remaining four (i.e. 21%) were equity applications.
“Out of the four equity applications, two were for IPO, as compared to one in Q4 2011,” it said.
The SC said approved ringgit-denominated sukuk issuances in Q1 2012 stood at RM11 billion, which reflected an increase from the RM7.7 billion registered in the same quarter last year.
“The SC has also approved one IPO in Q1 2012, which is expected to raise RM20.4 million from the capital market, with a potential market capitalisation of RM82.0 million.
“Total amount of funds to be raised from the IPO and private debt securities approved in Q1 2012 is RM21.9 billion, compared to RM49 billion in Q4 2011,” it said.
For collective investment schemes, the SC said it approved 14 applications to establish new funds in Q1, as compared to 33 in Q4 last year.
“Out of the total applications for new funds, five were for the establishment of new unit trust funds; nine were for wholesale funds,” it said.
In a statement Monday, the SC said this was in line with the trend of increasing preference for fund-raising through issuance of corporate bonds and sukuk, the majority (79%) of the proposals were for issuance of private debt securities (PDS).
The SC said that out of the 19 corporate proposals, 15 were for PDS while the remaining four (i.e. 21%) were equity applications.
“Out of the four equity applications, two were for IPO, as compared to one in Q4 2011,” it said.
The SC said approved ringgit-denominated sukuk issuances in Q1 2012 stood at RM11 billion, which reflected an increase from the RM7.7 billion registered in the same quarter last year.
“The SC has also approved one IPO in Q1 2012, which is expected to raise RM20.4 million from the capital market, with a potential market capitalisation of RM82.0 million.
“Total amount of funds to be raised from the IPO and private debt securities approved in Q1 2012 is RM21.9 billion, compared to RM49 billion in Q4 2011,” it said.
For collective investment schemes, the SC said it approved 14 applications to establish new funds in Q1, as compared to 33 in Q4 last year.
“Out of the total applications for new funds, five were for the establishment of new unit trust funds; nine were for wholesale funds,” it said.
