SkyWorld Winner of RAM Blueprint Award 2017 – Structured Finance Landmark Deal of the year
4 May 2018, Kuala Lumpur – SkyWorld Development Group (“SkyWorld”) was awarded the RAM Blueprint Award 2017 – Structured Finance Landmark Deal of the year at the 15th Annual RAM League Awards night at Grand Hyatt, Kuala Lumpur. SkyWorld established the RM600 million Islamic Medium-Term Notes Programme through a special-purpose financial vehicle, SkyWorld Capital Berhad (“SkyWorld Capital or the Issuer”). This award is reserved for a selected few that has been significant to the development of Malaysia as a leading Asian bond market.
Left to right: Mr Andy Leong posing with Mr Danny Kwan (Executive Director, NewParadigm Capital Markets), Mr. Charanjeev Singh (Managing Director, NewParadigm Capital Markets), Mr Hendra Gunawan (Deputy CEO, United Overseas Bank (Malaysia)), Datuk Seri Dr K Govindan (Group CEO/Executive Director, RAM Holdings), Datuk Shahril Ridza Ridzuan (CEO, EPF), Tan Sri Dato’ Seri Siti Norma Binti Yaakob (Chairman, RAM Holdings)
According to Mr Andy Leong Chain Hong, CFO of SkyWorld, “We are truly proud and honoured to receive the ‘Best of the Best’ Award as this is the first-of-its-kind structured finance in the world. RAM does not give out this award every year, only to a selected few when there is a landmark structure. Of course, these awards are not possible without the support and efforts by our dynamic SkyWorld team and consultants. My special thanks to NewParadigm Capital Markets Sdn Bhd who have helped to structure, develop, arrange and advise on this financial structure.”
This innovative SUKUK program has earlier won the best Structured Finance Deal of the Year by IFN, the world’s leading Islamic Financial News provider. SkyWorld has been instrumental to the development of the Malaysian debt capital market. With quality land banks located in the city centre totalling more than RM13billion in gross development value, SkyWorld is on right track of transforming the city and unlocking its land value.
About SkyWorld Development Group
Established in 2008, SkyWorld Development Group was founded by Datuk Ng Thien Phing. Datuk Ng, a savvy entrepreneur with diversified business interests in training & education, IT rental & solutions and property development founded the Group with one vision in mind – to be the best city developer that provides the ultimate sky living experience for the city communities in a sustainable environment. In 2014, SkyWorld introduced its first master development, the 28-acre SkyArena at Setapak. Ascenda Residences, the first phase of SkyArena was launched amidst positive respond, recording an impressive 100% takeup. Following the successful launch, SkyWorld unveiled SkyAwani 1, the affordable home series at Sentul. The project recorded an impressive 100% take-up on the first day. SkyWorld continues its upward trend by unveiling SkyLuxe On The Park and Bennington Residences recording over 94% take-up, doubling its revenue within a year.
In 2017, SkyWorld unveiled its second phase of affordable home, SkyAwani 2, and it was fully snapped up. Throughout the years, SkyWorld continues to build its brandpresence by delivering its brand promise of building modern and integrated developments across Kuala Lumpur city and its position was further cemented by winning several key industry awards. SkyWorld’s latest quality pledge with the completion of SkyWorld Quality Centre also signalled another milestone for the growing company. The company will continue to acquire quality land banks as it prepares to embark on its mission to transform the city skyline, one development at a time. For more information, please log on to: www.skyworld.my
SkyWorld Development Group