AmInvestment Bank Wins Two Awards at the IFN Deals of the Year Awards 2014
Left to right: Mr Seohan Soo, Executive Vice President, Markets, AmBank Group, Encik Annuar Marzuki Abdul Aziz, Chief Financial Officer / Chief Investment Officer, KLCC Property Holdings Berhad, and Dato’ Effendi Abdullah, Senior Vice President/Head, Islamic Markets, AmInvestment Bank
AmInvestment Bank Berhad (“AmInvestment Bank”) has won the Malaysia Deal of the Year and the Real Estate Deal of the Year awards at the Islamic Finance News (“IFN”) Deals of the Year 2014 awards ceremony, which was held on 9 March 2015 in Kuala Lumpur.
Both the Malaysia Deal of the Year and Real Estate Deal of the Year awards were awarded to AmInvestment Bank for their outstanding structuring capabilities in KLCC REIT’s special purpose vehicle, Midciti Sukuk’s RM1.555 billion Sukuk Murabahah issuance. The transaction represents the first AAA-rated corporate REIT in Malaysia and is a wider proof of concept for all REITs to tap into the Islamic capital markets. KLCC REIT also represents a second foray, albeit indirectly, into the Islamic markets by Petroliam Nasional Berhad. The transaction’s complexity and success are tied to the nature of the stapled REIT units and shares of the sponsor.
Mr Seohan Soo, Executive Vice President, Markets, AmInvestment Bank accepted the award for the Malaysia Deal of the Year while YBhg Dato’ Mohd Effendi Bin Abdullah, Senior Vice President/Head, Islamic Markets, AmInvestment Bank accepted the award for the Real Estate Deal of the Year on behalf of AmInvestment Bank as the arranger.
Mr T C Kok, Managing Director/Chief Executive Officer, AmInvestment Bank Berhad said, “We are honoured to have won the Malaysia Deal of the Year and Real Estate Deal of the Year awards from IFN.
These awards are a testimony to AmInvestment Bank’s expertise and capabilities in the Islamic capital markets. These awards also pay tribute to our clients who demonstrate a true commitment to expanding the Islamic capital markets.”
Islamic Finance News is the industry’s leading capital markets focused newsletter providing over 19,500 individuals with unrivaled editorial coverage of the global Islamic financing market. Now in its ninth year, the annual IFN Deals of the Year Awards is considered to be one of the most highly regarded awards in the Islamic finance industry.