NewParadigm wins Asia-pacific Restructuring Deal 2022

NewParadigm Capital Markets managing director Charanjeev Singh (left) and executive director Danny Kwan (right).

PETALING JAYA: NewParadigm Capital Markets has won the Asia-Pacific Restructuring Deal of the Year 2022 by International Financing Review (IFR) at the 28th International Financing Review Awards Dinner.

In a statement, NewParadigm said the award was presented to the company for its role as Financial Adviser for MEX I Capital Bhd’s RM1.126bil senior sukuk restructuring.

The restructured senior sukuk managed to achieve a 13 notches rating improvement from C3 to A2 whilst sukukholders did not receive any haircut to any principal amount and the full principal amount outstanding was fully restructured.

Managing director Charanjeev Singh said: “We are honoured and extremely proud to have been selected for this award and we are extremely grateful to everyone who has contributed in this restructuring deal, including Sukukholders and all transaction parties.”

Meanwhile, executive director Danny Kwan said the award reflect the dedication and commitment of the entire team who worked tirelessly to bring this restructuring deal to financial close.

He said it also demonstrated its ability to effectively execute one of the most complex restructuring mandate of the year.

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NewParadigm , sukuk , restructuring , MEX I Capital


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