According to the Asian Development Bank, Malaysia is among the emerging East Asian economies that saw the local currency bond market continue to expand over the first quarter of 2019. — Bernama pic
In its latest issue of the Asia Bond Monitor ― June 2019 quarterly report released today, the ADB said the outstanding amount of Malaysia’s local currency bonds totalled US$353.0 billion at end-March 2019, registering a 7.6 per cent year-on-year growth from Q1 2018. The report said Malaysia's government bond market size stood at US$188.0 billion at end-March, up 8.7 per cent y-o-y in local currency terms, mainly driven by an expansion of central government bonds.
The report also highlighted that Malaysia’s sukuk market remained the biggest in emerging East Asia, where 61.0 per cent of total local currency bonds outstanding, comprised sukuk.
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