Asian Development Bank: Malaysia’s Q1 2020 Outstanding Sukuk Rises to Almost MYR 1 Trillion

Malaysia’s MYR securities market expanded 2.9% quarter-on-quarter (QoQ) in Q1 2020 to MYR 1.5 trillion as both government and corporate securities grew during COVID-19, according to Asian Development Bank (ADB)’s latest issue of Asia Bond Monitor report. ADB stated that total outstanding Sukuk in Malaysia increased 3.1% QoQ to MYR 966.7 billion as at end-March 2020. Outstanding government securities, which made up 52.6% of Malaysia’s overall MYR securities rose 3.9% QoQ to reach MYR 795.9 billion (USD 186 billion), whilst corporate securities, which accounted for 47.4% of Malaysia’s total securities stock reached USD 167.6 billion in Q1 2020.

Meanwhile, across emerging East Asia, made up of China,...