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Record year for ringgit bonds

Mimi Sabreena 4:04:00 PM Informasi

SINGAPORE (Dec 15): Malaysia’s bond market is set to extend its record for ringgit issuance by the end of the year after powering through the 2011 annual high.

Ringgit bond sales so far this year have reached RM92.9 billion (US$22.8 billion), up nearly 30% from 2016's annual total and on track to test the RM100 billion landmark over the next couple of weeks.

A robust economy, with GDP growth running at 6.2% in the third quarter, and an extensive infrastructure programme are lifting demand for long-term credit.

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