Efforts under this EPP seek to strengthen Malaysia’s position as one of Asia’s well-developed bond markets and the global leader in sukuk (Islamic bonds) issuances. This will be achieved by broadening the market’s investor base and increasing participation from foreign issuers.
Another focus of this EPP is to boost the market’s liquidity and enhance retail investor participation, while measures will also be taken to widen the market’s credit spectrum, with Government-linked Investment Companies encouraged to further diversify their bond portfolios. Overall, EPP 2 is focused on increasing the compounded annual growth rate (CAGR) of the average trading value of bonds and sukuk to RM618 billion by 2020.
- The bond market rose to RM1.09 trillion as at 30 September 2014, up 5.83% from 2013.
- Malaysia remained the world’s top sukuk issuer in 2014 with RM203.6 billion worth of Islamic papers offered, accounting for around 65.8% of global sales.