Published on 17 Mar 2023.
On 15th March 2023, RAM Rating Services Berhad (RAM Ratings or RAM) hosted the best of the Malaysian debt market for the 20th consecutive year. The annual RAM League Awards (RLA) was held at Sage Restaurant in The Gardens, Kuala Lumpur. The RLA acknowledges the work of the most influential and outstanding financial institutions (FIs) that are thought leaders, innovators and visionaries in the Malaysian bond and sukuk market. RAM Ratings presented a total of 17 awards in four categories to leading FIs in the Malaysian corporate bond and sukuk market.
Maybank Investment Bank Berhad secured four awards, taking pole position in all four RLA categories for corporate bonds and sukuk in terms of programme size (RM13.4 bil) as well as number of corporate bonds and sukuk issues (10 deals) in 2022. Another big winner in terms of number of awards was CIMB Investment Bank Berhad which ranked second in all four categories. CIMB Investment arranged three deals totalling RM5.3 bil in corporate bonds and sukuk in 2022.
Other notable winners were Bank Islam Malaysia Berhad, RHB Investment Bank Berhad, AmInvestment Bank Berhad and MIDF Amanah Investment Bank Berhad which each secured two awards in their respective categories, while Hong Leong Investment Bank was credited with arranging two corporate bond and sukuk deals.
“RAM congratulates all winners and records its thanks to these thought leaders and lead arrangers for their continued support. We hope that the annual awards will continue to inspire FIs and corporates to push boundaries in developing the Malaysian bond and sukuk market,” said Awang Za’aba Awang Mahmud, RAM Ratings Chief Executive Officer.
The leading credit rating agency in Malaysia, RAM Ratings has rated bond and sukuk issues valued at about USD476 billion since its inception in 1990. Out of the total 26 rated debt issues in 2022, amounting to RM90.7 billion, RAM published the ratings of 18 debt issues with an aggregate value of RM79.1 billion.
RAM Lead Managers’ League Table for Corporate Bond and Sukuk Issues for 2022 by Programme Value
RAM Lead Managers’ League Table for Corporate Bond and Sukuk Issues for 2022 by Number of Issues
RAM Lead Managers’ League Table for Sukuk Issues for 2022 by Programme Value
RAM Lead Managers’ League Table for Sukuk Issues for 2022 by Number of Issues
The RAM League Tables list lead managers by the value and number of deals for all RAM-rated bonds. Credit is given to the entire debt programme regardless of the type of instrument, as long as the debt was issued during the period, either in full or in part. Please refer to our website for further details on the criteria for the RAM League Tables.
Winners of Bonds & Sukuk by Programme Value
Winners of Bonds & Sukuk by Number of Issues
Winners of Sukuk by Number of Programme Value
Winners of Sukuk by Number of Issues
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About RAM Rating Services Berhad (RAM Ratings)
Established in 1990, RAM Ratings is a leading credit rating agency registered under the Securities Commission’s Guidelines on Registration of Credit Rating Agencies, 2011. In addition to the provision of credit ratings for corporate bonds and sukuk and their issuers, RAM Ratings also provides research and publications on Islamic finance, fixed income and macro-economic and industry analysis as well as data analytics relating to credit risk, counterparty assessments and other related domains.
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