MOF's investor roadshow for upcoming samurai bond
Focus Malaysia 08 Feb 2019 14:40
The Minister of Finance, YB Lim Guan Eng led a Ministry of Finance (MOF) delegation to meet and discuss with Japanese investors and senior government officials over three days. The roadshow which began 6 February involved 20 participants, including the Treasury Secretary-General, Datuk Ahmad Badri bin Mohd Zahir, Treasury Deputy Secretary-General, Datuk Siti Zauyah Md Desa, and Assistant Governor of Bank Negara Malaysia (BNM), En Marzunisham Omar.
The purpose of this trip was to promote Malaysia as a stable and high-potential investment destination. It was also aimed at giving the international investing community confidence to take part in the forthcoming Samurai Bond issuance valued at 200 Billion Yen and guaranteed by the Japan Bank Investment Corporation (JPIC).
The roadshow was organised by Daiwa Markets Limited (in collaboration with Affin Hwang Investment Berhad), HSBC Bank Malaysia Berhad, and Mizuho Bank (Malaysia) Berhad, as co-lead arrangers appointed by the MOF for the purpose of the bond’s issuance.
According to YB Lim, international investors are confident in Malaysia’s economic potential as well as the current Government’s ability to drive the nation’s economy forward.
YB Lim said, “Malaysia continues to be regarded as an attractive investment destination by investors. What more with the Government’s commitment to the Competency, Accountability, and Transparency (CAT) principles in its governance under the leadership of Prime Minister, YAB Tun Dr Mahathir bin Mohamad, an international statesman well-known and much respected in Japan. They are confident that their investments will be used to grow Malaysia’s economy to the fullest.”
YB Lim also took the opportunity to meet with the Japanese Deputy Prime Minister and Minister of Finance, Mr Taro Aso; and advisor to the Prime Minister and Chairman of the National Public Safety Commission, Mr Shinya Izumi.
He conveyed the Malaysian Government’s appreciation towards the Japanese Government’s willingness to guarantee the Malaysian Samurai Bond via JBIC to reduce the interest cost of the loan. The Japanese Government not only facilitated the bond’s issuance in a short span of time, they also opened up potential trade opportunities in other areas. Their meeting also discussed future directions in the relationship between the two countries, and opportunities to increase collaboration and investment in various strategic areas.
The long-held close relationship and cooperation between the two Governments is expected to develop further through this trip and deliver a positive impact for all Malaysians. It is hoped that the relationship between the two countries will attain great heights to that when the Look East policy was first introduced by YAB Tun Dr Mahathir, where Japan played a major role in Malaysia’s economic development at that time.
Ministry of Finance Malaysia
8 February 2019