KUALA LUMPUR (Dec 19): CIMB Investment Bank Bhd and CIMB Thai Bank PCL (CIMB Group) have won seven awards from the Alpha Southeast Asia 16th Annual Best Deal and Solution Awards 2022.
The awards — which is a key industry awards platform recognising the best investment banking and Islamic finance practitioners in the region — acknowledged CIMB’s excellence in structuring, execution and client service in bonds, equity, environmental, social and governance (ESG) or green bonds, and Islamic finance.
In a statement, CIMB said the banking group’s win as Best Bond House in Southeast Asia 2022 marked a standout year for its debt capital markets franchise with many high-profile mandates — leading the competition with a volume of US$11.9 billion (RM52.66 billion) in nominal value, 507 issues and 10.32% market share for Asean Local Currency Bonds during the award period of Sept 1, 2021 to Dec 1, 2022.
“During this period, CIMB also successfully launched and priced the world’s largest ever USD-denominated Green Sukuk tranche and the first sustainability sukuk from the highway sector in Malaysia. CIMB has ranked No 1 in Asean local currency bonds for more than a decade,” said CIMB.
Meanwhile, CIMB’s Equity House led the competition in Malaysia, raising a total apportioned value of US$773.3 million (between Dec 1, 2021 and Nov 30, 2022) with US$116.4 million of that coming from initial public offerings (IPOs).
A highlight of CIMB’s Equity awards was Farm Fresh’s RM1.06 billion (US$254 million) IPO — Malaysia’s largest listing on Bursa Malaysia’s Main Market since July 2021, which was supported by 30 cornerstone investors.
“Meanwhile, Thai Life Insurance’s 37.07 million baht (US$1 billion) IPO was Thailand’s largest ever insurance IPO and the largest IPO in Thailand for the award period. It was also the largest insurance IPO ever in Southeast Asia since 2000,” said CIMB.
In ESG/Green Bonds, CIMB successfully launched and priced a US$3.25 billion Global Sukuk Offering (Global Trust Certificates) for the Republic of Indonesia, including a US$1.5 billion Green Sukuk tranche.
“We are honoured to be recognised as among the best in the industry across the region, continuing our track record of outstanding execution and delivery for clients in meeting their wide range of requirements through the strength of our established wholesale banking franchise,” CIMB’s co-chief executive officer for wholesale banking Novan Amirudin commented.
“Our award for Best Bond House in Southeast Asia acknowledges the experience and expertise across our regional Asean network business, combined with a commitment to top client service in executing some of the finest deals in the region. We share these successes with our clients, without whom these awards would not have been possible, and thank them for their continued support. Moving forward, we will continue to work towards realising our Forward23+ strategic plan to be the leading focused Asean bank,” he added.