Kristina Fong, RAM’s head of research, said that discounting the extraordinary issue from UJSB, private sector issuance was RM75.5bil in 2019 - higher than the last five years’ average of RM64.4bil.
KUALA LUMPUR: Malaysia’s gross corporate bond issuance hit a record RM132.8bil in 2019 compared with RM105.4bil in 2018, largely boosted by an issuance by Urusharta Jamaah Sdn Bhd (UJSB).
In its Bond Market Monthly on Monday, the rating agency said the 2019 issuance exceeded the previous high of RM124.9bil in 2017, exceeding its own projection of RM110 to RM120bil.
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