Lower debt, new share issuances on soft market

Better infastructure: DanaInfra Nasional Bhd has done two debt issuances to raise money for the mass rapid transit project in the Klang Valley.

DEALS in the issuance of debt and new shares dipped in Malaysia this year from 2015 due to a softer market. Debt capital market issuances amounted to US$10.12bil from US$12.5bil last year and equity capital market deals fell to US$2.23bil from US$3.83bil in 2015.

But headlining the fund-raising exercises were the US$1.5bil raised through Malaysia Sukuk Global Bhd on April 20. According to a report, the offering was the Government’s fifth dollar-denominated global sukuk and was oversubscribed by 4.2 times. The other four global sukuk issuances were in 2002, 2010, 2011 and 2015.