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Malaysia?s bond
market strengthened further in 2007, backed by continued growth in Islamic
instruments and private debt securities issuance. Malaysia's bond market has
grown tremendously in terms of bonds outstanding, market depth and types of
bonds being offered.
Some of the notable
achievements over the past few years include the successful promotion of the
Islamic bond or sukuk market, which has contributed significantly to the
country's Islamic financial system.
Industry observers have also praised the establishment of Bondweb Malaysia
Sdn Bhd, the country's first independent bond pricing agency, which has
helped minimize the level of subjectivity in bond pricing while providing
daily individual stock level valuation for more than 1,800 bonds in the
domestic market. To get a more meaningful insight of the country' debt
market performance this year, The country's two credit rating agencies. RAM
Rating managing director and chief executive officer Wong Fook-Wah opines
that 2007 would be another record year for the primary bond market.
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