SC Scorecard Q4 2012: Strong finish to a record year for capital raising

4 February 2013 | Kuala Lumpur

2012 proved to be a significant year for the Malaysian capital market with a record amount of RM145.9 billion in funds raised through corporate bonds and initial public offerings (IPOs), a substantial increase of 89% compared to the RM77.2 billion raised in 2011.

The numbers above were released today in conjunction with the SC’s Q4 2012 quarterly scorecard. The SC also highlighted that a total of RM123.8 billion worth of issuances were made in the corporate bond market, a 73% increase from RM71.2 billion in the previous year. This represents the highest amount raised to date with sukuk issuances amounting to RM97.5 billion or 79% of the total bond issuances. In addition, funds raised from IPOs more than tripled from RM6.0 billion in 2011 to RM22.1 billion.

The SC received a total of 46 applications for corporate proposals in the last quarter of 2012, an increase of 31% compared to 35 applications in Q3 2012. The bulk of the applications received (72%) were in relation to private debt securities (PDS). There was also an increase in IPO applications received for the Main Market with six applications in Q4 2012 compared to five in the previous quarter.

26 PDS and six IPO applications expected to raise RM25.2 billion of funds were approved in Q4 2012. 29 new collective investment schemes and eight private retirement schemes (PRS) were also approved during the same period.

In terms of process efficiency, substantive applications considered as well as licensing applications in Q4 2012 have all been within the time charter set.

Capital market statistics in relation to the SC scorecard cover information on processing, approvals and rejections of applications, including timing and reasons. In addition to these scorecard indicators, the quarterly statistics of applications approved by the SC for the fourth quarter of 2012 were also reported.

The full series of capital market statistics released is available here.

SECURITIES COMMISSION MALAYSIA