Malaysia to allow bond listing on Bursa

LOCAL and foreign currency Islamic and conventional bonds can now be listed on Malaysia’s stock exchange, the exchange said today.

Bursa Malaysia said it will accept applications for listing by local and international firms in a move to further cement Malaysia’s position as the premier destination for Islamic finance.

Applications will be approved within one day and listing fees for such securities before 2010 will be waived, it said.

Only foreign currency bonds are now allowed to be listed on Malaysia’s offshore financial centre of Labuan. - Reuters