KUALA LUMPUR: Bursa Malaysia Bhd and RAM Holdings Bhd, through a joint venture entity called Bursa Malaysia RAM Capital Sdn Bhd (BR Capital – formerly known as BM RAM Capital Sdn Bhd), today launched a debt fundraising platform following the Securities Commission’s “concurrence on Dec 21, 2023 for BR Capital to go live.”
“The platform is an alternative fund-raising avenue strategically designed to facilitate listed and unlisted small to mid-sized companies with fundraising needs of at least RM5 million and a minimum tenure of one year, to raise funds via the issuance of credit-rated investment notes.
“This platform enables companies to access a new pool of capital beyond traditional wholesale markets, while also providing investors with the opportunity to diversify their portfolios,” the two companies said in a joint statement today.
Bursa chief executive officer (CEO) Datuk Muhamad Umar Swift said the launch of BR Capital marked another milestone in “our efforts to provide a comprehensive and diverse range of products and services to meet the evolving needs of our market.”
“The BR Capital debt fundraising platform is very much in line with the exchange’s overarching strategy to truly be a multi-asset exchange.
“Bursa Malaysia and RAM Holdings are excited to be collaborating to shape Malaysia’s debt fundraising future,” he said. “The new platform is poised to redefine the fundraising landscape and is well-positioned for expansion, to include a diverse investor ecosystem.”
RAM group CEO and executive director Chris Lee said RAM would contribute to the growth of BR Capital with its expertise in credit ratings, environmental, social and governance (ESG) ratings and fixed income pricing on investment notes issued through the new platform.
The platform is currently in its initial roll-out phase, with onboarding now open to a select group of prospective issuers and investors.
Small to mid-sized companies and investors interested in participating in the platform are invited to express their interest by emailing email@example.com.
The broader investing public would be able to participate on the platform later in 2024. For further information, visit https://brc.bursamalaysia.com/. – Bernama
Source: The Star