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Lack of SEA long bond sales irks insurers

Issuance of debt by companies in the region due in 20 years or more is at US$4.2 billion so far this year, compared with the full-year US$12.3 billion in 2012

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Malaysia has accounted for US$2.03 billion of long-term bond sales this year. Senai-Desaru Expressways (whose project is seen here), a toll-road concessionaire based in Kuala Lumpur, issued RM370 million of Islamic notes due 2047 in May.

Singapore

A SLUMP in South-east Asian long-term bond sales to around a third of 2012's total is frustrating insurers who need such assets to offset their liabilities.

Issuance of debt by companies in the region due in 20 years or more is at US$4.2 billion so far this year, compared

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