KUALA LUMPUR, March 8 (Bernama) -- AmInvestment Bank Berhad is pleased to announce that Bank Pembangunan Malaysia Berhad (“BPMB”) has on 2 March successfully completed the issuance of RM1.5 billion AAA-rated Murabahah Islamic Medium Term Notes (“Murabahah MTNs”).

BPMB is mandated as a development financial institution providing medium to long term financing to the infrastructure, maritime, technology and oil and gas sectors. BPMB is wholly owned by the Malaysian Government through the Minister of Finance (Incorporated). The Murabahah MTNs are rated AAA by RAM Rating Services Berhad.

The notes have tenors of 5, 10 and 15 years and final pricing for the notes range from 4.28% to 4.98%. The one day book-building exercise on 22 February 2017 was oversubscribed by more than three (3) times. Overwhelming demand allowed the Lead Managers to drive the price for the 15 year tranche down to successfully close below 5.00%, at the lower end of the price guidance.

The Lead Managers for the transaction are AmInvestment Bank Berhad, CIMB Investment Bank Berhad and RHB Investment Bank Berhad.

About AmInvestment Bank 

AmInvestment Bank has an enviable track record of over 30 years of experience, innovation, and market leadership. It has won an impressive stable of awards from the international financial press and major rating agencies. 

Our experience and track record in the debt capital markets, including our specialised expertise in the Islamic capital markets have won the confidence of a large roster of corporates and other clients. We have also been consistently recognised annually as one of the top debt and Islamic capital market enablers, with recent awards including Best Domestic Bond House (for fourth consecutive year from 2009 to 2012) and Best FX Bank for Corporates & Financial Institutions (for five consecutive years from 2012 to 2016).

AmInvestment Bank provides a full range of investment banking related services that include the areas of Corporate Finance, Equity Markets, Debt Markets, Islamic Capital Markets, and Markets & Private Banking. 

AmInvestment Bank is part of the AmBank Group, which is committed to providing new and innovative products and services to its customers. Adding greater value to the one-stop financial hub is its partnership with Australia & New Zealand Banking Group (ANZ), one of Australia’s leading banks. AmBank Group is now poised to take advantage of ANZ’s wide network and regional presence as well as its international banking expertise.
 

For more information, please visit www.ambankgroup.com  

Source : AmBank Group

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Syed Anuar Syed Ali
Head, Group Corporate Communications and Marketing
AmBank Group
Tel: 03 2036 1703
Email: sasa@ambankgroup.com

--BERNAMA