Malaysia's emergence as a market of real potential has been one noticeable feature of 2005. Local rating agencies confirmed the fact with the release of new data estimating ABS issuance for 2005 will reach M$10 billion ($2.6 billion).

While still small compared to other markets, the figure easily tops the total for 2004 - M$2.8 billion (M$1.6 billion of which came from one deal) - and is almost three times greater than the previous best year, 2003, which saw volumes of just M$3.5 billion.

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