Malaysian International Shipping Corporation
In the past 12 months Malaysia has re-emerged as a borrower in the debt capital markets as the government of prime minister Abdullah Badawi continues to loosen the fiscal strings on companies and the economy as a whole. In 2004 there was almost $3 billion of debt issuance from Malaysia – and that with no issues from the state, national oil company Petronas or electricity generator Tenaga.
Instead, in the past 12 months several Malaysian companies have tapped overseas debt investors for the first time.
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