Malaysia Funds Subway With First Exchange Bonds: Southeast Asia

Malaysia Funds Subway With First Exchange Bonds: Southeast Asia

Goh Seng Chong/Bloomberg

A KL Monorail train moves along an elevated track as traffic stands congested on a road in Kuala Lumpur, Malaysia. Malaysia sold a record amount of debt last year as companies help fund the government’s $444 billion development program to build railways, roads and power plants.