The Malaysian capital market raised a record RM145.9bil in funds through corporate bonds and initial public offerings (IPOs) last year, a substantial increase of 89% compared with the RM77.2bil raised in 2011.
The numbers were released yesterday in conjunction with the Security Commission's fourth quarter scorecard.
The Securities Commission also highlighted that RM123.8bil worth of issuances were made in the corporate bond market, a 73% increase from RM71.2bil in the previous year.
“This represents the highest amount raised to date with sukuk issuances amounting to RM97.5bil or 79% of the total bond issuances.
“In addition, funds raised from IPOs more than tripled from RM6bil in 2011 to RM22.1bil,” said the Securities Commission.
The Securities Commission received 46 applications for corporate proposals in the last quarter of 2012.
This was an increase of 31% compared with the 35 applications in the third quarter of 2012.
The bulk of the applications received or 72% were in relation to private-debt securities.
There was also an increase in IPO applications received for the Main Market with six applications in the fourth quarter of 2012 compared with five in the previous quarter.
A total 26 private debt securities and six initial public offering applications expected to raise RM25.2bil of funds were approved in the last quarter of 2012.
About 29 new collective investment schemes and eight private retirement schemes (PRS) were also approved during the same period.
In terms of process efficiency, substantive applications considered as well as licensing applications in fourth quarter have all been within the time charter set.