SC widens access to online bond issue database – Facilitates better investment decision-making
The Securities Commission (SC) today extended access to its online database on Information Memoranda and Trust Deeds of Ringgit-denominated bond issues to a wider group of investors. The database is accessible at the SC website at www.sc.com.my.
The widened access to such information will assist more investors in making informed and calculated investment decisions, further promoting activity in the Malaysian capital market.
Access to the Information Memoranda and Trust Deeds, which were previously only made available to primary subscribers by bond issuers, will now be made available by the SC through its website to ‘sophisticated investors’ who fall within the categories listed in Schedule 2 of the Securities Commission Act 1993. Additionally, potential bond investors falling outside these categories may gain access to the Information Memoranda and Trust Deeds database by applying to:
Bond Market Department
Investors that would benefit from this latest SC measure include institutional investors such as financial institutions, insurance companies and fund managers.
This latest initiative represents a further step in the SC’s continuous efforts to enhance transparency in the bond market, following from the posting of the Principal Terms and Conditions of all outstanding Ringgit-denominated bond issues on the SC website, last year.
Investors are reminded that any document posted on the SC website does not constitute an offer, invitation nor recommendation, but are historical documents intended only for information purposes. Investors should seek independent advice before making an investment decision.
Further details and subscription forms to access the Information Memoranda and Trust Deeds database on the SC website is available on the Issuance Information page in the Bond Market section here.
Both Trust Deeds and Information Memoranda will be posted within seven working days of the bond issuance date, and Information Memoranda will remain as read-only documents for a period of 30 days after the bond issuance date. Currently, Trust Deeds of all outstanding Ringgit-denominated bond issues approved by the SC since July 2000 have been posted, while Information Memoranda of outstanding Ringgit-denominated bond issues approved by the SC since January 2005 are available online.