MARC is pleased to announce that for the period January to December 2003, MARC had completed 23 corporate debt issue ratings, with a total issue value of RM9.58 billion. Of the 23 corporate debt issues rated, 16 were Islamic private debt securities with a total issue value of RM6.85 billion, constituting 71.5% of the rated issue value.

Commerce International Merchant Bankers Berhad (CIMB) topped MARC’s Lead Managers Table for 2003, in terms of value, having lead-managed RM1.83 billion worth of private debt securities (PDS), followed by KAF Discounts Berhad (RM1.5 billion), Abrar Discounts Berhad (RM1.48 billion), Malaysian International Merchant Bankers Berhad (RM1.31 billion) and HSBC Bank Malaysia Berhad (RM1.08 billion).