KUALA LUMPUR (Oct 20): RHB Investment Bank Bhd (RHB IB) took the third spot in RAM Rating Services Bhd's lead managers' league table for corporate bonds and sukuk as at end-September, having arranged RM2.62 billion worth of RAM-rated corporate bonds and sukuk in the first nine months of 2016. In a statement today, RAM said the new ranking was due to a revision of its RAM Lead Managers' League Table for Private Debt Securities and Sukuk Issues for the first nine months of the year. The revision, it said, takes into account RHB IB’s role as the co-lead arranger of Sarawak Hidro Sdn Bhd’s RM5.54 billion programme. Prior to the revision, RHB IB was ranked no. In terms of sukuk programme value, Maybank Investment Bank Bhd (Maybank IB) takes the lead, having arranged RM10.32 billion or 59% of the sukuk rated by RAM, followed by RHB IB with RM2.37 billion.

Source: The Edge Markets October 20, 2016 14:48 UTC