BNM eases rules on ringgit bond issuances
Change makes it easier for foreign institutions to issue debt denominated in Malaysian currency
Bank Negara Malaysia (BNM) has eased the rules on foreign exchange to enable international financial institutions to issue ringgit-denominated bonds in the country.
The central bank announced on November 15 that multilateral development banks and qualified non-resident development finance institutions would be able to issue ringgit-denominated debt securities in Malaysia and provide financing in the currency to domestic corporates.
These institutions had previously been required to seek approval
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