PETALING JAYA: A supportive regulatory environment, robust power purchase agreements (PPAs) and strong sponsors as well as counterparties are key catalysts that have supported the growth of power bonds in the country, according to RAM Ratings.
The rating agency’s co-head of infrastructure and utilities ratings Chong Van Nee said power bonds accounted for 39% of Malaysia’s RM239bil of infrastructure bond issues in the last decade.
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