STATISTICS

Q2 2005

Private Debt Securities

The SC approved a total of 33 private debt securities (PDS) issues (excluding issuance by Cagamas Bhd) amounting to RM16.8 billion in the second quarter of 2005 (Table 1). This number includes two issues of asset-backed debt securities (ABS) worth RM1.6 billion. Eighteen of these approvals were for issuance of Islamic securities while the remaining 15 approvals were for issuance of conventional PDS representing 54.5% and 45.5% of total approvals for PDS, respectively. The number of approved PDS issues in the second quarter increased by 43.5% from the total PDS issues approved in the same quarter last year.

Table 1: Number and Size of Approved RM-denominated PDS Issues

	Q2 2005		Q1 2005		Q2 2004
	No. of issues	Size of issues (RM mil)	No. of issues	Size of issues (RM mil)	No. of issues	Size of issues (RM mil)
Conventional	151	3,482.05	6	331.15	94	4,796.99
Islamic	182	13,345.00	103	3,301.00	14	5,252.00
Total	33	16,827.05	16	3,632.15	23	10,048.99

¹    Include two ABS issues amounting to RM1.6 billion.
²    Include one Islamic securities issue by a Multilateral Development Bank amounting to RM2 billion.
³    Include one ABS issue amounting to RM2.5 billion.
⁴    Include one ABS issue amounting to RM1.5 billion.

The SC approved a total of seven PDS issues by Cagamas Bhd (Cagamas) amounting to RM980 million in the second quarter of 2005 (Table 2). Five of these approvals were for issuance of conventional PDS while the remaining two approvals were for issuance of Islamic securities representing 71.4% and 28.6% of approvals for Cagamas PDS issues, respectively.

Table 2: Number and Size of Approved PDS Issues by Cagamas

	Q2 2005		Q1 2005		Q2 2004
	No. of issues	Size of issues (RM mil)	No. of issues	Size of issues (RM mil)	No. of issues	Size of issues (RM mil)
Conventional	5	780.00	-	-	3	1,435.00
Islamic	2	200.00	2	200.00	-	-
Total	7	980.00	2	200.00	3	1,435.00

The SC had also approved two issues of foreign currency-denominated PDS by Malaysian issuers valued at US$600 million in the second quarter of 2005 (Table 3), as well as two offers of foreign currency-denominated PDS by foreign issuers valued at US$2.5 billion in the second quarter (Table 4).

Table 3: Number and Size of Approved Foreign Currency-denominated PDS Issues by Malaysian Issuers

	Q2 2005		Q1 2005		Q2 2004
	No. of issues	Size of issues (US$ mil)	No. of issues	Size of issues (US$ mil)	No. of issues	Size of issues (US$ mil)
Conventional	2	600.00	-	-	2	550.00
Islamic	-	-	-	-	-	-
Total	2	600.00	-	-	2	550.00

Table 4: Number and Size of Approved PDS Offers by Foreign Issuers in Malaysia

	Q2 2005		Q1 2005		Q2 2004
	No. of offers	Size of offers (US$ mil)	No. of offers	Size of offers (US$ mil)	No. of offers	Size of offers (US$ mil)
Conventional	1	1,500.00	-	-	-	-
Islamic	1	1,000.00	1	500.00	-	-
Total	2	2,500.00	1	500.00	-	-

The SC approved five programme issuance of structured products with a total size of up to RM6.3 billion in the second quarter of 2005 as compared to two programme issuance of up to RM1 billion in the same quarter last year (Table 5).

Table 5: Number and Size of Approved Programme Issuance of Structured Products

	Q2 2005		Q1 2005		Q2 2004
	No. of issues	Size of issues (RM mil)	No. of issues	Size of issues (RM mil)	No. of issues	Size of issues (RM' mil)
Conventional	5	6,299.90	5	8,349.90	2	1,049.00
Islamic	-	-	-	-	-	-
Total	5	6,299.90	5	8,349.90	2	1,049.00

Q1 2005

Private Debt Securities

The SC approved 16 private debt securities (PDS) issues with a total approved issuance limit of RM3.6 billion in the first quarter of 2005 (Table 2). This number includes one issue of asset-backed debt securities (ABS) valued at RM2.5 billion.

Table 2: Number and Size of Approved Issues Relating to PDS

Type	Q1 2005		Q4 2004		Q1 2004
	No. of issues	Size of issues (RM mil)	No. of issues	Size of issues (RM mil)	No. of issues	Size of issues (RM mil)
Conventional	6	331.15	232	6,141.27	263	13,797.90
Islamic	101	3,301.00	13	2,684.30	12	3,805.00
Total	16	3,632.15	36	8,825.57	38	17,602.90

¹ Include one ABS issue amounting to RM2.5 billion.
² Include one ABS issue amounting to RM500 million.
³ Include three ABS issues amounting to RM850 million and one issue of US Dollar denominated PDS worth USD100 million (or equivalent to RM380 million).

There was a significant drop in the number of PDS issues approved (16) in the first quarter of 2005, which was reflected in the corresponding decrease in the total size of PDS issues approved during that period (RM3.6 billion). 62.5% of the PDS issues approved were Islamic-based PDS, while the remaining 37.5% were conventional PDS.

In addition to the PDS issues by Malaysian issuers, the SC also approved one offer of US dollar-denominated PDS in Malaysia by a foreign issuer valued at USD500 million (or equivalent to RM1.9 billion) in the first quarter (Table 3).

Table 3: Number and Size of Approved PDS Offers by Foreigners in Malaysia

Type	Q1 2005		Q4 2004		Q1 2004
	No. of offers	Size of offers (USD mil)	No. of offers	Size of offers (USD mil)	No. of offers	Size of offers (USD mil)
Conventional	-	-	-	-	-	-
Islamic	1	500.00	-	-	1	250.00
Total	1	500.00	-	-	1	250.00

The SC approved five structured products issues with a total size amounting to RM8.3 billion in the first quarter of 2005 (Table 4).

Table 4: Number and Size of Approved Issues Relating to Structured Products

Type	Q1 2005		Q4 2004		Q1 2004
	No. of issues	Size of issues (RM mil)	No. of issues	Size of issues (RM mil)	No. of issues	Size of issues (RM mil)
Conventional	5	8,349.90	1	1,800.00	1	700.00
Islamic	-	-	-	-	-	-
Total	5	8,349.90	1	1,800.00	1	700.00