Malaysia to stay top of global sukuk charts
Malaysia is expected to continue to enjoy its status as the global hub for sukuk bonds this year, as domestic and foreign issuers are lured by the country’s lower interest rates and large pool of liquidity.
Encorp, a property developer, took advantage of attractive domestic rates to replace its more expensive outstanding debt last week, and more companies now look likely to follow, according to Sean Lai, head of DCM at Kenanga Investment Bank, one of the three banks that managed for the Encorp
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