 |
 |
 |
 |
 |
| Convertible Bonds/Hybrid Securities/Equity Derivatives Transactions |
 |
 |
| AmBank (M) Berhad |
| Value |
: |
RM500 million |
| Role |
: |
Adviser & Lead Manager |
| Deal Nature |
: |
Hybrid Securities (“Non-Innovative Tier 1 Capital”) |
| Deal Highlights |
: |
The issuance garnered very strong responses and bids from both institutional and private investors resulting in over-subscription. This marks the successful full issuance of the RM500 million programme within approximately two months from the Securities Commission’s approval date. |
|
| AmBank (M) Berhad |
| Value |
: |
USD200 million |
| Role |
: |
Joint Lead Manager & Joint Bookrunner |
| Deal Nature |
: |
Hybrid Securities Issue |
| Deal Highlights |
: |
Established AmBank (M) Berhad’s position within investor perception as a strong mid-sized bank repositioned for growth. In view of strong demand from Hong Kong, Singapore and London which attracted more than USD325 million, the final issue size increased from the initial announcement of USD150 million to USD200 million. |
|
| Arab-Malaysian Corporation Berhad |
| Value |
: |
USD120 million |
| Role |
: |
Adviser, Joint Global Coordinator & Joint Bookrunner |
| Deal Nature |
: |
Exchangeable Bonds Issue |
| Deal Highlights |
: |
AMMB Holdings Berhad shares. The conversion premium of 32.5% was the highest conversion premium achieved by any Malaysian issuer. The issue also represents the first USD equity-linked issue to be listed only in Malaysia and the longest dated paper by a Malaysian issuer with an investor put option at the end of Year 4 only. |
|
| Berjaya Land Berhad |
| Value |
: |
RM900 million |
| Role |
: |
Principal Adviser, Joint Lead Manager & Joint Bookrunner |
| Deal Nature |
: |
Exchangeable Bonds Issue |
| Deal Highlights |
: |
Largest Ringgit-denominated exchangeable bond issue ever made by a corporation in Asia to both local and international investors at point of issuance. It was one of the most highly structured Malaysian exchangeable bonds, with the deal size larger than the entire market capitalisation of Berjaya Land Berhad, clearly standing out among Asian equity-linked deals. |
|
| IOI Corporation Berhad |
| Value |
: |
USD600 million |
| Role |
: |
Adviser & Senior Co-Lead Manager |
| Deal Nature |
: |
Exchangeable Bonds issue |
| Deal Highlights |
: |
After successfully advising IOI Corporation Berhad on its first and second exchangeable bonds issues, IOI Corp’s third exchangeable bonds were oversubscribed by six times based on the original issue size of USD500 million or five times based on the final issue size of USD600 million, as a result of strong demand from a wide range of global investors. The book-building process for the final issue size of USD600 million was successfully completed within one and half hours after the book was opened. The offering is the largest exchangeable bonds offering by a Malaysian company since 2002. |
|
| Paka Capital Ltd (SPV of Khazanah Nasional Berhad) |
| Value |
: |
USD550 million |
| Role |
: |
Joint Lead Manager |
| Deal Nature |
: |
Exchangeable Sukuk issue |
| Deal Highlights |
: |
First combined offering of USD550 million Exchangeable Sukuk and USD97 million stock placement. The transaction was priced at the tightest ends and was over-subscribed by 10 times, despite unprecedented turbulent markets. Khazanah’s initial investment in Parkson Retail Group Ltd was monetised at over 900% of its original cost. |
|
| Zero Strike Call Warrants over Berkshire Hathaway Inc |
| Value |
: |
RM100 million |
| Role |
: |
Issuer |
| Deal Nature |
: |
Zero Strike Call Warrants |
| Deal Highlights |
: |
The Berkshire Zero Strike is the first issue under AmInvestment Bank Berhad’s zero strike programme and complements AmInvestment Bank Group’s existing leveraged call warrants programme. Zero Strikes offers local investors simple and affordable access to counters which may otherwise be expensive or difficult to access. Priced at RM1.00 each, it is the first such offering for investors in Asia. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |