DEBT MARKET
Acceptance of local ratings seen as key
- Published: 18/01/2012 at 02:24 AM
- Newspaper section: Business
Malaysia's CIMB Financial Group has asked regulators in each Asean+3 member country to accept local ratings agency assessments of currency bonds in order to help support the expansion of the regional bond market.
Deputy chief executive Lee Kok Kwan told a Bangkok conference that the market for local currency bonds within Asean has expanded significantly in recent times, reaching US$875 million at the end of lat September, up by 327% from 2010.
"The size of the Asean local currency bond market today is 550% larger than that of foreign currency bonds," Lee said.
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About the author
- Writer: Darana Chudasri
- Position: Business Reporter
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