KUALA LUMPUR: CIMB Group Holdings Bhd
acted as the sole Malaysian joint lead manager and joint bookrunner for the Government's US$1.5bil global sukuk issuance.
In a statement, the banking group said the transaction, arranged alongside HSBC, J.P. Morgan and Standard Chartered, was 4.7 times oversubscribed, with orders exceeding US$9.5bil.
It also achieved the tightest spread ever for a Government of Malaysia US dollar sukuk and established a new benchmark yield curve for future Malaysian corporate issuances in the international debt capital markets.
CIMB supported the issuance through investor engagement and bookbuilding, leveraging its relationships with institutional investors across Asia, the Middle East, Europe and other international markets.
CIMB group chief executive officer Novan Amirudin said the bank was honoured to support the Government on the landmark issuance.
"Our appointment as the only Malaysian Joint Lead Manager and Joint Bookrunner reflects the strength of CIMB's debt capital markets platform, our global distribution capabilities and our longstanding leadership in Islamic finance," he said.
He added that the transaction demonstrated CIMB's ability to originate, structure and distribute benchmark sukuk transactions to a diverse international investor base while contributing to Malaysia's position in the global Islamic capital markets.
CIMB said it remains committed to supporting the development of Malaysia's capital markets and connecting sovereigns, financial institutions and corporates with regional and international investors through its debt capital markets platform.
