Bursa Malaysia today received its second foreign listing of USD100 million (RM332 million) sukuk in an issuance by Nomura Holdings, Inc., as announced during the signing of the Subscription Agreement between Nomura and Kuwait Finance House (Malaysia) Berhad recently. Kuwait Finance House is the Mandated Lead Arranger for this listing exercise.
This milestone also marked the first sukuk listing by an Asian and a Japanese international entity. The sukuk is structured based on the globally accepted Shari'ah principle of Ijarah (leasing).
Dato' Yusli Mohamed Yusoff, Chief Executive Officer of Bursa Malaysia said, "Malaysia remains the world's single most active corporate sukuk market at present. We certainly have made great strides in the sukuk market and the listing of Nomura's sukuk is further demonstration of foreign players' confidence towards Islamic securities and instruments issued out of Malaysia."
Mr Takumi Shibata, Deputy President and Chief Operating Officer of Nomura Holdings, said, "With this landmark transaction, Nomura has further diversified its funding sources and tapped the large and growing Islamic finance market for the first time. This issuance is part of Nomura's ongoing push to diversify its funding sources to drive growth. Islamic investors and Islamic finance are a very important and rapidly growing sector globally and this transaction is highly significant for Nomura and for corporate Japan."
The sukuk listing from Nomura will further strengthen Bursa Malaysia as a preferred sukuk listing destination, elevating the overall position of Malaysia as an international Islamic financial hub.
With this listing, Bursa Malaysia's sukuk listings recorded a total of USD 20.9 billion worth of sukuk programmes with 15 sukuk listed by 13 issuers, from which two of them are international issuers.
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About Bursa Malaysia
Bursa Malaysia Berhad is a public company limited by shares under the Companies Act 1965. Bursa Malaysia is an approved exchange holding company under Section 15 of the Capital Markets and Services Act 2007. Other companies in the Bursa Malaysia Berhad Group of companies include a stock exchange, a derivatives exchange, an off-shore international financial exchange, equity and derivatives clearing houses, a central depository, an information services provider and an Information Technology services provider.
Bursa Malaysia Securities Berhad, a wholly-owned subsidiary of Bursa Malaysia Berhad, is an approved stock exchange under Section 8 of the Capital Markets and Services Act 2007.
About Nomura
Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs over 26,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through three business divisions: retail, wholesale (global markets, investment banking, and other wholesale), and asset management. For further information about Nomura, please visit www.nomura.com.
Issued by Bursa Malaysia and Nomura
For media enquiries, please contact:
Delyana Nordin
Manager, Public Relations
Bursa Malaysia
Tel: 603 2034 7161
Fax: 603 2732 6158
Mobile: 6012 2072787
E-mail: delyana@bursamalaysia.com
Kan Nomura
Co-Head, Corporate Communications
Nomura Asia Holdings
DL: +852 2536 1147
Fax: +852 2536 1611
Mobile: +852 9188 0069
E-mail: kan.nomura@nomura.com
© Press Release 2010
