BR Capital gets SC's approval-in-principle to operate debt fundraising platform

Bursa Malaysia CEO Datuk Muhamad Umar Swift.

KUALA LUMPUR: Bursa Malaysia RAM Capital Sdn Bhd (BR Capital), a joint venture between Bursa Malaysia Bhd and RAM Holdings Bhd, has received the Securities Commission Malaysia’s (SC) approval-in-principle to manage and operate a new debt fundraising platform.

The provisional approval, received on June 2, was in relation to BR Capital’s application to be registered as a recognised market operator under the SC’s Guidelines on Recognised Markets, Bursa Malaysia said in a statement today.

Incorporated on Dec 27, 2022, BR Capital is 51 per cent owned by Bursa Malaysia and 49 per cent by RAM Holdings.

Bursa Malaysia chief executive officer (CEO) Datuk Muhamad Umar Swift said the company appreciates the SC’s support and is excited to be making good progress towards offering this new solution -- investment notes as an alternative option for fundraising by small to mid-sized companies, while providing more investment opportunities to investors.

"This upcoming fixed-income solution is part of our aspiration towards truly being a multi-asset exchange,” he said.

Meanwhile, RAM group CEO Chris Lee said the SC’s approval-in-principle is a significant milestone for both RAM and Bursa Malaysia.

"The platform will broaden fund-raising avenues for both listed and unlisted entities while providing new fixed-income investment opportunities to all investors.

"This collaborative achievement positions us to drive sustainable growth in the Malaysian capital market,” he said.

Bursa Malaysia, an exchange holding company incorporated in 1976 and listed in 2005, has grown to be one of the largest bourses in Asean today.

RAM Holdings is a leading provider of independent credit ratings, research, training, risk analysis, ESG (environmental, social and governance) analytics and bond pricing. - Bernama

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