SC expects capital raising to reach up to RM105b this year

KUALA LUMPUR: The Securities Commission (SC) expects the capital raising for 2017 to be higher at RM102 billion to RM105 billion, compared with the RM98.5 billion in 2016.

Speaking to reporters at a media briefing on the SC Annual Report 2016, chairman Tan Sri Ranjit Ajit Singh said he is optimistic on the outlook for the capital market, which will be mainly driven by capital raising activities in the corporate bond and sukuk market for infrastructure financing as well as the refinancing of bonds and sukuk.

The amount raised from the bond market is projected to be RM85 billion.

He also foresees equity fundraising for 2017 to be higher, with RM7 billion to RM9 billion via initial public offerings (IPOs) and RM10 billion to RM11 billion through the secondary market.