From left: NewParadigm Capital Markets executive director Danny Kwan, Alpha Southeast Asia CEO/Publisher Siddiq Bazarwala and NewParadigm Capital Markets managing director Charanjeev Singh.
KUALA LUMPUR: NewParadigm Capital Markets has won the Best Sukuk Restructuring Deal of the Year 2022 by Alpha Southeast Asia at the 16th Annual Best Deal & Solution Awards 2022.
In a statement, NewParadigm said the award was presented for its role as financial adviser for MEX I Capital Bhd’s RM1.126bil restructuring of Sukuk Musharakah.
It said the restructured Sukuk Musharakah managed to achieve a 13 notches rating improvement from C3 to A2 whilst sukuk holders did not receive any haircut to any principal amount and the full principal amount outstanding was fully restructured.
“We are deeply humbled and honoured to accept this award on behalf of NewParadigm Capital Markets. We are extremely grateful to everyone who has contributed in this restructuring deal, including sukuk holders and all transaction parties and not at least the dedicated team from MEX,” founding partner Charanjeev Singh said.
“Even more significantly, this award means an incredible amount to all of us at NewParadigm Capital Markets as it recognises the team’s critical role on one of the most complex restructuring mandates of the year,” founding partner Danny Kwan said.
