Malaysian Firms Turn to Private Placements to Raise Funding
- Some companies face challenges in raising cash through bonds
- Banks are also getting more selective in disbursing loans
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Malaysia’s corporates are turning to private share placements to raise funds as demand for public listings of bonds and stocks wanes and banks cut back on their lending.
The Southeast Asian nation’s stock exchange saw 151 deals in the first nine months of the year, compared with 76 in the same period of 2019, according to data compiled by Bloomberg. Volumes jumped 25% to 1.41 billion ringgit ($339 million), the data show.