· Affin Hwang Capital, in partnership with Daiwa Securities Group Inc. received the ‘Best Bond’ award for the ‘Best Deals in Malaysia’ category, awarded by The Asset Triple A at the Country Awards 2019 in Hong Kong.
· Affin Hwang Capital was the only Malaysian bank among the lead arrangers and bookrunners for the Ministry of Finance’s (MoF) successful issuance of the RM7.34 billion Samurai Bond on 15 March 2019.
· The award further enforces Affin Hwang Capital’s Vision to be a leading investment bank in Malaysia and living up to its promise to “Out think. Out perform.”
HONG KONG, 17 January 2020 – Affin Hwang Capital was presented the ‘Best Bond’ award in the ‘Best Deals in Malaysia’ category at The Asset Triple A Country Awards 2019 held at the Four Seasons Hotel in Hong Kong. Affin Hwang Capital was Daiwa Securities Group Inc. of Japan’s partner, as one of the three lead arrangers and bookrunners of the Ministry of Finance’s (MoF) successful issuance of the RM7.34 billion Samurai Bond back on 15 March 2019.
The Asset’s annual Triple A Country Awards is one of the industry’s most prestigious awards for banking, finance, treasury and the capital markets, with views and feedback from issuers in the Asian region, as well as global institutional investors active region being taken into consideration in addition to the pre-determined judging criteria.
Affin Hwang Capital’s Deputy Group Managing Director, Yip Kit Weng said that Affin Hwang’s Vision of being the leading independent bank-backed investment bank shines through in receiving this prestigious recognition. “Establishing strategic partnerships across Asia in the past 5 years to have greater reach in the Asian and global markets for institutional equities trading is one of our efforts to achieve our Vision to be the leading independent bank-backed investment bank.”
“Our strategic partnership with Daiwa Securities Group Inc. of Japan allows us to provide industry-leading services and quality,” he added. “As Daiwa Securities’ local bank partner involved in the bond issuance, we are humbled to receive this award from The Asset, which is a testament of our promise to ‘Out think’ and ‘Out perform’ for our clients.”
“We are deeply grateful and thank Y.B. Lim Guan Eng, Minister of Finance and his Ministry for trusting and putting faith in Daiwa Securities in partnership with Affin Hwang Capital to contribute to the Samurai Bond’s success,” he said.
The Samurai Bond sees Malaysia’s return to the Japanese yen bond market since 1989 and the RM7.34 billion (JPY 200 billion) landmark bond was the largest Japan Bank for International Cooperation (JBIC)-guaranteed sovereign bond issuance in the market and the first JBIC guarantee undertaken by Malaysia under its “Guarantee and Acquisition toward Tokyo Market Enhancement (GATE)” programme. The issuance was well received across the investor spectrum, being oversubscribed by 1.6 times or 324.7 billion yen (RM11.9 billion).