Maybank IB named Malaysia’s very best investment bank by Euromoney

KUALA LUMPUR (Sept 11): Maybank Investment Bank has been named Malaysia’s ideal expenditure bank by Euromoney Awards for Excellence 2020 on the back again of a number of notable deals, including a sustainable and accountable expenditure-themed sukuk.

This helps make it the fifth time that Maybank IB has bagged this award considering that its inception.

“Maybank is a worthy winner of the most effective investment lender award, courtesy of its power in financial debt cash marketplaces and its peerless effectiveness in advisory. The financial institution done 8 M&A discounts in the course of the awards period, in accordance to Dealogic, with a merged value of US$2.83 billion, enabling it to outpace and outflank its rivals,” stated Maybank IB in a statement, citing Euromoney’s publication.

Notable bargains concluded by Maybank IB in 2019, which was the period of time below assessment, provided YTL Cement Bhd’s US$757 million acquisition of Lafarge Malaysia Bhd in June 2019, with Maybank IB advising the Malaysian infrastructure conglomerate.

In its publication, Euromoney also highlighted Maybank IB’s roles as a joint direct manager on DRB Hicom Bhd’s RM1.5 billion sukuk, and sole bookrunner on Push Steel Aluminium Holdings Bhd’s RM1 billion sukuk — the largest of its variety to date in the domestic metals and mining sector.

“In a indication of the bank’s ongoing force into sustainable finance, Maybank IB assisted Cypark Methods [Bhd] print a RM550 million socially liable financial investment-themed sukuk, with the proceeds currently being made use of to finance solar electric power initiatives throughout the region,” Euromoney was quoted as declaring.

Maybank IB’s main executive officer Fad’l Mohamed stated: “We are honoured to be recognised as Malaysia’s most effective expenditure bank by Euromoney for the fifth time since the inception of the awards.”

“This award is a testomony to the power of the Maybank IB crew, whose innovation and really hard function proceed to make us 1 of ASEAN’s leaders. We continue being dedicated to being forward of the curve inspite of the difficult global economic setting, offering our clientele responsive, tailor-designed methods when preserving sustainability at the major of our agenda,” he extra.

Maybank IB experienced earned the similar accolade by Euromoney from 2015 to 2018. It also lately received the Finest Institutional Equities Participating Organisation – Investment decision Lender at The Bursa Excellence Awards 2020 and joint first put for Guide Manager by Number of Concerns by RAM Direct Managers League Tables for 2019.