KUALA LUMPUR (Dec 22): Bursa Malaysia RAM Capital Sdn Bhd (BR Capital), a 51:49 joint venture (JV) between Bursa Malaysia Bhd and RAM Holdings Bhd, has launched a debt fundraising platform to assist listed and unlisted companies including small to mid-sized firms.

The alternative fund-raising platform will facilitate the companies with fundraising needs of at least RM5 million and a minimum tenure of one year, to raise funds via the issuance of credit-rated investment notes, according to its joint statement on Friday (Dec 22).

“This platform enables companies to access a new pool of capital beyond traditional wholesale markets, while also providing investors with the opportunity to diversify their portfolios,” it said.

Bursa Malaysia chief executive officer (CEO) Datuk Muhamad Umar Swift said the BR Capital debt fundraising platform is very much in line with the stock exchange’s overarching strategy to truly be a multi-asset exchange.

“The new platform is poised to redefine the fundraising landscape and is well-positioned for expansion to include a diverse investor ecosystem.

“This will enhance financial inclusivity among Malaysians and contribute to the growth of Malaysia’s capital market and the overall economy,” Muhamad Umar said.

RAM group CEO and executive director Chris Lee also believes that BR Capital can help to grow the sustainable and responsible investments in the Malaysian alternative capital market.

“RAM will contribute to this growth with our expertise in credit ratings, ESG [environmental, social and governance] ratings and fixed income pricing on investment notes issued through the new platform,” he said.

BR Capital platform is currently in its initial roll-out phase, with onboarding now open to a select group of prospective issuers and investors.

Small to mid-sized companies and investors interested in participating in the platform are invited to express their interest by emailing [email protected].

Meanwhile, the broader investing public will be able to participate on the platform later in 2024. Visit https://brc.bursamalaysia.com/ for more information.

At noon break, Bursa Malaysia shares were up three sen or 0.44% to RM6.92 on Friday, with a market capitalisation of RM5.6 billion.

Read also:

https://theedgemalaysia.com/node/670126