RAM League Awards Lead Manager Award Islamic 2005 (2nd Place) - By number of issues Awarded by: RAM Rating Services Berhad
Description of Deal
JIMAH ENERGY VENTURE SDN BHD
Role: Joint Lead Arranger
Facility: Islamic Financing Facilities of RM5,086.6 million with issuance of up to RM4,847 Million Nominal Value Senior Istisna' Medium Term Notes Facility
Deal completed: June 2005
Description of Awards
Blue Print Award - Outstanding Deal of the Year. Refers to most distinctive, ground breaking bond deal in Malaysia of the year.
Deal Highlight: The largest Islamic securities issuance of 2005 and first ever floating rate Islamic securities issuance in Malaysia. The two-tier financing structure of the deal allowed aggressive gearing as compared to industry debt-to-equity ratio of 80:20 for IPP.