Login Get Started
HelpDesk
SCM Expects up to MYR 100 billion in Corporate Issuances in 2020

SCM Expects up to MYR 100 billion in Corporate Issuances in 2020

April 17, 2020 | Updated at April 17, 2020

http://islamicmarkets.com/articles/scm-expects-up-to-myr-100-billion-in-corporate-issuances
Copy URL

By IM Insights

Despite COVID-19 causing severe disruptions to businesses in Malaysia, the Securities Commission Malaysia (SCM) anticipates growth in the country’s corporate Sukuk and bond issuances for 2020.

The SCM expects total corporate issuances to come in between MYR 90 billion to MYR 100 billion in 2020, compared to total corporate issuances of MYR 132.82 billion recorded in 2019.

The Deputy Chief Executive (DCE) of the SCM, Zainal Izlan Zainal Abidin, stated that given the large pool of demand coming in for Shariah-compliant investment products, the SCM expects Sukuk to maintain dominance and account for around 70% of corporate issuances in 2020, as it has done for the past three years.

<...