- Bank Negara Malaysia to assist in setting up a Financial Guarantee Institution
- to provide credit enhancement to companies intend to raise fund from Bond market
- initilal paid up capital RM1B, subsequently raised to RM2B
- expected to raise RM15B bonds
- Securities Commission (SC) to reduce time to market of fund raising by way of
- rights issues by listed companies don't need approval of SC
- unlisted companies exempted form seeking SC approval on issuance and offering of equity securities
- The Code on Take-Overs and Merger 1998 no longer applicable to private limited companies
- SC only need to be informed of amendments to terms and conditions of bond and sukuk issuances
- SC only need to be informed of any revisions on terms and conditions of bonds and sukuk for listing on Bursa Malaysia
- convertible and exchangeable bonds exempted from rating requiements
Tuesday, March 10, 2009
ESP19. Facilitating Access to Capital Market
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