THE capital market continues to be a major source of funding for companies in the country, with the Securities Commission (SC) approving corporate proposals to raise RM55.1bil in total last year compared with RM65.9bil in 2002.
Of the total for 2003, 86% or RM47.3bil was to be raised via debt instruments, signifying greater maturity for the capital market and the success of the SC's policy to streamline and enhance the debt market as a medium for capital-raising activities.
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