Corporate bond issuance at five-year high in October

Moving forward, MARC expected corporate bond issuances to normalise in line with the gradual uptrend in yields of Malaysian Government Securities and corporate bonds.

KUALA LUMPUR: Ringgit-denominated corporate bond issuance surged by 32% year-on-year to RM97.1bil in the first 10 months of 2017, marking the highest issuance year-to-date since 2012.

According to Malaysian Rating Corp Bhd (MARC), the increase was led by a 34% jump in issuances in the unrated segment, of which corporate bonds made up 33%.