Sunday, February 15, 2009

OSK Investment tops MARC sukuk list

OSK Investment Bank Bhd came out tops in terms of value for Islamic bonds issued in 2008 by Malaysian Rating Corporation Bhd (MARC).
In the local rating agency's Lead Manager Table for 2008, OSK Investment lead the other players with an issue of RM800 million. It is followed by Maybank Investment Bank Bhd (RM720 million) and MIDF Amanah Investment Bank Bhd (RM615 million).
In terms of the number of Islamic issues, the rating agency said MIDF Amanah Investment Bank, Maybank Investment Bank and OCBC Bank Bhd achieved first, second and third placing, respectively.
On the whole for last year, MARC said it completed ratings of 43 bonds with a combined value of RM27.4 billion, of which 33 bonds with a total value of RM17 billion were issued, including Islamic papers worth RM3.15 billion.

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