Jul 26, 2013
Kuala Lumpur, July 3rd 2013 - RHB Investment Bank Berhad (RHBIB), Malaysia's largest Investment Bank by asset today entered into a collaborative agreement with PT Mandiri Sekuritas (Mandiri Sekuritas), an Indonesian investment bank to jointly work towards promoting the issuing of Malaysian Ringgit Bonds (MYR Bonds) for the latter's selected Indonesian corporate clients.
RHBIB will provide its expertise in terms of structuring, submission to regulators and pricing while Mandiri Sekuritas will assist by providing RHBIB with access to preidentified clients who would be interested in the proposed issuances.
"We are glad to be working with Mandiri Sekuritas as our partner for the issuance and distribution of Ringgit Bonds for Indonesian corporates. This collaboration is a reflection of the confidence that we have in the Malaysian debt-capital market which is supported by ample liquidity. We are proud to be able to build on our continued expertise, capabilities and leadership in assisting foreign issuers to tap the Malaysian debt capital markets," commented Mike Chan, Officer-in-Charge, RHBIB.
"We are keen to engage in this collaboration with RHBIB, as it is part of our mission to have regional milestones. Corporate bonds market growth in Indonesia is the highest in East Asia. This elevates our confidence that the Indonesian corporate Bonds will be eagerly accepted by Malaysian investors, considering the big appetite of the market," said Abiprayadi Riyanto, President Director of Mandiri Sekuritas.
Re-disseminated by The Asian Banker