Maybank Kim Eng tops Asean equity capital markets league

  • Banking
  • Tuesday, 27 Jan 2015

KUALA LUMPUR: Maybank Kim Eng took top spot in the 2014 Dealogic Asean league table for equity capital markets (ECM), securing the highest deal volume for ECM bookrunners in Asean for 2014.  

It said on Tuesday for the debt capital market (DCM), it was in second spot in Bloomberg’s Asean Domestic Bonds league table and third for Bloomberg’s ASEAN Loans Book Runner league table. It retained its top three position in the global Sukuk market. 

“On the equities front, Maybank Kim Eng maintains its position as Asean’s largest equities franchise with the highest trade value in 2014,” it said in a statement.

It was also named best broker in Asean by Alpha Southeast Asia and retained as top broker in Thailand as the top broker for the 13th consecutive year. 

Chief Executive Officer of Maybank Kim Eng Group and Maybank Investment Bank John Chong said, “Despite the challenging environment in 2014, Maybank Kim Eng continued to strengthen its position in the Investment Banking space in Asean. Whilst we maintain our solid performance in Malaysia, we are making strong headway in the region.”

In 2014, Maybank Kim Eng led several notable deals in Malaysia and regionally. Amongst the ECM deals executed were the US$359.1mil initial public offering (IPO) of Boustead Plantations Bhd, the largest IPO in Malaysia for 2014 and US$259.8mil IPO of 7-ELEVEN MALAYSIA HOLDINGS BHD.

In the region, Maybank Kim Eng was the lead manager in landmark transactions such as the US$488.2mil IPO of Impact Growth REIT, Thailand’s first ever REIT listing and the US$300mil IPO of Kaset Thai International Sugar Corp PCL, the third largest Thailand IPO in 2014. 

Maybank Kim Eng also played a pivotal role in the US$1.137bil rights issue of True Corporation and US$266.2mil rights and placement of CPN Retail Growth Leasehold Property Fund, the largest and second largest follow-on in Thailand in 2014 respectively.

As for the debt capital market, Maybank Kim Eng acted as the joint lead manager and joint bookrunner for the multiple award-winning Cagamas Global 1.5bil yuan Tiger Emas Bond, which was the largest China bond issuance by a Malaysian and Southeast Asian issuer to-date. 

“This landmark transaction received international recognition and was awarded the best renminbi (offshore) offering in the Finance Asia 2014 achievement awards and best foreign currency bond deal of the Year in Southeast Asia for Alpha Southeast Asia’s 8th annual deal and solution awards.

 Maybank Kim Eng also acted as joint global coordinator for FCL Treasury’s S$600mil subordinated perpetual securities, which is the largest perpetual securities issuance in Singapore for 2014, and PT Wahana Ottomitra Multiartha’s 800bil rupiah sustainable bonds. 

“This achievement is the result of the firm long term relationship we have with our clients and Maybank Kim Eng’s strong regional connectivity which enable us to connect our clients to the region’s key markets,” Chong pointed out.

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