The Asset Triple A Awards
The Asset Triple A
Islamic Finance Awards 2016
Best Deals
Capital Markets
Project Finance
Treasury and Trade
Capital Markets
Islamic deal of the year
Garuda Indonesia US$500 million wakala sukuk
Joint bookrunners and lead managers:
Al Hilal Bank, ANZ, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, First Gulf Bank, Maybank Investment Bank, National Bank of Abu Dhabi, Noor Bank, Sharjah Islamic Bank, Standard Chartered, Warba Bank
Joint Shariah advisers:
Dubai Islamic Bank, Maybank Islamic Bank, National Bank of Abu Dhabi, Standard Chartered
The first non-sovereign sukuk out of Indonesia and the first unrated US dollar sukuk from an Asia-Pacific issuer. It was also the first US dollar sukuk transaction from an Asia-Pacific airline and the first US dollar sukuk al-wakala from the Asia-Pacific corporate.
Best equity deal
Al-Salam Reit 252.36 million ringgit IPO
Sole global coordinator and underwriter:
RHB Investment Bank
Joint placement agents:
Maybank Investment Bank, RHB Investment Bank
Principal adviser:
RHB Investment Bank
The first Reit IPO listed on Bursa Malaysia in past three years with share price closing 5% higher on first trading day.
Best equity deal
Highly commended
Saudi Ground Services US$752 million IPO
Sole financial adviser, lead underwriter and lead manager:
HSBC Saudi Arabia
The deal was 339% oversubscribed as it attracted strong investors' demand from both institutional and retail tranches.
Best equity-linked deal
TH Heavy Engineering 275 million ringgit rights issue of Islamic irredeemable convertible preference shares
Principal adviser:
Hong Leong Investment Bank
Shariah adviser:
Hong Leong Investment Bank
A tailor-made financing solution to provide the group with sufficient funds to embark on the realignment of its business strategies to enhance and diversify its earning base.
Best sovereign sukuk/
Best sukuk
Government of Malaysia US$1.5 billion 10-year and 30-year wakala and murabaha sukuk
Joint bookrunners:
CIMB Investment Bank, HSBC, Standard Chartered
Joint Shariah advisers:
CIMB Islamic Bank, HSBC, Standard Chartered
World's first sovereign sukuk to use services as the underlying assets and the 30-year tenor is the longest maturity for a sovereign sukuk to date.
Best sovereign sukuk
Highly commended
Government of Indonesia US$2 billion wakala sukuk
Joint bookrunners and lead managers:
CIMB Investment Bank, Dubai Islamic Bank, HSBC, J.P. Morgan
Joint Shariah advisers:
CIMB Islamic Bank; Dubai Islamic Bank, HSBC Saudi Arabia, J.P. Morgan Securities
The largest single tranche sovereign sukuk transaction ever, which further demonstrates RoI's commitment to enhance its Islamic finance credentials and to set benchmarks in the global sukuk arena.
Best quasi-sovereign sukuk
Petronas - US$1.25 billion wakala sukuk
Active joint bookrunners:
Bank of America Merrill Lynch, CIMB Investment Bank. Citi, J.P. Morgan, Morgan Stanley
Passive joint bookrunners:
Deutsche Bank, HSBC, Maybank Investment Bank, MUFG
The sukuk was the first US dollar bond and sukuk issuance by Petronas in over five years.
Best corporate sukuk/
Best new sukuk
Garuda Indonesia US$500 million wakala sukuk
Joint bookrunners and lead managers:
Al Hilal Bank, ANZ, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, First Gulf Bank, Maybank Investment Bank, National Bank of Abu Dhabi, Noor Bank, Sharjah Islamic Bank, Standard Chartered, Warba Bank
Joint Shariah advisers:
Dubai Islamic Bank, Maybank Islamic Bank, National Bank of Abu Dhabi, Standard Chartered
The first non-sovereign sukuk out of Indonesia and the first unrated US dollar sukuk from an Asia-Pacific issuer. It was also the first US dollar sukuk transaction from an Asia-Pacific airline and the first US dollar sukuk al-wakala from the Asia-Pacific corporate.
Best corporate sukuk
Highly commended
MMC Corporation 1.2 billion ringgit murabaha sukuk (via tawarruq arrangement)
Sole principal adviser, lead arranger and lead manager:
RHB Investment Bank
The first capital markets transaction by MMC Corporation at a time when it was embarking on a corporate exercise and when market was volatile.
Best supranational sukuk
International Finance Corporation US$100 million wakala sukuk
Joint lead managers:
Dubai Islamic Bank, HSBC, National Bank of Abu Dhabi, Standard Chartered
Joint Shariah advisers:
Dubai Islamic Bank and Dar Al Shariah, HSBC Saudi Arabia, Standard Chartered
The transaction marked IFC's return to the sukuk market after six years and the first public sukuk by a supranational with an amortizing repayment profile.
Best bank capital sukuk
Bank Islam 300 million ringgit/400 million murabaha sukuk
Principal adviser, lead arranger and Shariah adviser:
Bank Islam
The sukuk qualifies as tier 2 regulatory capital with the underlying assets comprising of Shariah-compliant commodities.
Best bank capital sukuk
Highly commended
Arab National Bank Saudi riyal 2 billion tier 2 subordinated sukuk
Joint bookrunner and lead manager:
HSBC Saudi Arabia
The debut SAR debt capital markets deal, which featured a non-viability loss absorption, enabled Arab National Bank to enhance its capital under Basel III regulations in Saudi Arabia.
Best corporate hybrid sukuk
Mah Sing Group 540 million ringit unrated perpetual musharakah sukuk
Joint lead managers:
CIMB Investment Bank, Maybank Investment Bank
Shariah adviser:
CIMB Islamic Bank
The largest unrated sukuk deal in Malaysia in 2015.
Best local currency sukuk
Cagamas 500 million ringgit murabaha sukuk
Sole lead manager:
AmInvestment Bank
Shariah advisers:
CIMB Islamic Bank, Maybank Investment Bank, HSBC Amanah, Amanie Advisors
The first sukuk re-opening for Cagamas since the establishment of 40 billion ringgit medium term note/Islamic medium term note programme in 2007 to promote an efficient and robust price discovery and enhance secondary market liquidity of the company's debt securities.
Best local currency sukuk
Highly commended
XL Axiata 1.5 trillion rupiah ijara sukuk
Joint lead underwriters:
CIMB Investment Bank, Mandiri Sekuritas, Maybank Kim Eng
The largest ever rupiah corporate ijara sukuk issuance and was in line with XL Axiata's transformation agenda to restructure its debt portfolio in particular to reduce exposure to unhedged US dollar debt.
Best SRI sukuk
Khazanah Nasional 100 million ringgit wakala al istithmar
Sole lead manager:
CIMB Investment Bank
Shariah adviser:
CIMB Islamic Bank, Amanie Advisors
The first sustainable and responsible investment (SRI) sukuk in Malaysia and the proceeds will be used to improve accessibility to quality education in government schools through a public-private partnership.
Best securitization sukuk
Purple Boulevard 450 million ringit asset-backed ijara sukuk
Principal adviser, lead arranger, lead manager and bookrunner:
Hong Leong Investment Bank
Shariah adviser:
Dr Mohd Daud Bakar
This was the first Islamic asset-backed securities (ABS) deal for a retail mall in Malaysia and the first Islamic ABS guaranteed by Danajamin, a Malaysian government-backed monoline credit insurer.
Most innovative sukuk
Emirates US$913 million senior unsecured certificates
Joint lead managers:
Abu Dhabi Islamic Bank, Citi, Dubai Islamic Bank, Emirates NBD Capital, HSBC, J.P. Morgan, National Bank of Abu Dhabi, Standard Chartered
ECA:
Export Credits Guarantee Department
Joint Shariah advisers:
Abu Dhabi Islamic Bank, Citi, Dubai Islamic Bank, Emirates NBD Capital, HSBC, J.P. Morgan, National Bank of Abu Dhabi, Standard Chartered
The world's first sukuk financing supported by Export Credits Guarantee Department of the UK and the first time that a sukuk has been used to pre-fund the acquisition of aircraft. It was the largest ever capital markets offering in the aviation space with an ECA guarantee.
Project Finance
Treasury and Trade
The Asset Triple A Islamic Finance Awards 2016 luncheon will be held on May 24 2016 at the Shangri-La, Kuala Lumpur, Malaysia.
For booking, please contact events@theasset.com