MALAYSIA - CAPITAL MARKETS - Bank Muamalat Malaysia Redeems Subordinated Bonds, Says RAM

KUALA LUMPUR, Sept 5 (Bernama) -- Bank Muamalat Malaysia Bhd has fully redeemed its RM250 million Islamic Subordinated Bonds (2006/2016), RAM Ratings says.

Following this, the rating agency said it had withdrawn the A3 rating assigned to the bonds and would no longer have any rating obligations on the debt facility. (source)

CAPITAL MARKETS - RAM Islamic bullish on Malaysia sukuk market

THE country's sukuk market is likely to be favourable this year with RM261.1 billion sukuk outstanding in the first half, up from RM248.7 billion as end of 2009.


From January till May this year, total new corporate sukuk approved by the Securities Commission stood at RM970 million.

Local rating agency RAM Ratings sees promising sukuk market this year, with government-related infrastructure projects and banks' capital-raising exercises to remain the bulk of the domestic debt capital market's activity.