KUALA LUMPUR: Corporate bond issuance rebounded in August, following the low of RM2.8 billion the preceding month, said RAM Rating Services Bhd. In a statement today, the rating agency said a total of RM8.7 billion of corporate bonds was issued in August, which brought the year to date issuance value to RM66.3 billion – a 10.3 per cent year-on-year increase. The largest issuer of the month, Tenaga Nasional Bhd (TNB), issued RM2 billion under its RM5 billion IMTN Sukuk Wakalah Programme. The proceeds from this issuance - rated AAA/Stable by RAM – will be utilised to fund TNB’s capital expenditure, investments and working capital. It said for the month, MGS and corporate bonds posted respective foreign inflows of RM2.1 billion and RM563 million.

Source: New Strait Times September 26, 2017 09:22 UTC