PRIMARY investors were offered four issues of corporate debt securities (CDS) rated by Rating Agency Malaysia Bhd (RAM) and worth RM5.94bil from the financial services, property and real estate, and infrastructure and utilities sectors in November.
During the month, RAM rated 11 proposed new issues of CDS - all asset-backed securities transactions - valued at RM402mil in total.
In view of this, the total cumulative number of RAM-rated debt issues rose to 785 issues as at end-November, worth RM224.43bil, said RAM in the December issue of its RAM Bond Newsletter.
Total outstanding corporate debt securities for the entire market crept up to RM126.98bil from RM126.76bil in October, it said.
The sum of outstanding of Malaysian Government Securities (MGS) and Cagamas papers expanded from a respective RM128.3bil and RM23.45bil to RM130.8bil and RM25.03bil. The re-opening of RM2.5bil of the 3-year MGS 3/96 in mid-November brought aggregate MGS issuance for the year to RM4l.9bil.
Meanwhile, outstanding Danaharta and Khazanah bonds remained unchanged at RM11.14bil and RM10bil respectively. The secondary market was quiet in November as the overall turnover shrank 43% to RM14.31bil from RM25.12bil a month earlier. – Bernama
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