Citi and CIMB debut Malaysian CDS

The 25 million ringgit ($7.2 million) swap has a maturity of one year, according to parties familiar with the deal, and is referenced on Projek Lebuhraya Utara Selatan, a large infrastructure developer in Malaysia.

“The development of the ringgit credit derivatives market is critical as it will enhance the efficiency of the Malaysian corporate bond and loan markets, and will significantly strengthen the robustness of the country’s financial system from credit risks,” says Lee Kok Kwan, group treasurer of CIMB in Kuala Lumpur.

The debut local currency CDS in Malaysia follows a deal by JP Morgan and Korea Development Bank late last year to offer the first Korean won-denominated credit default swap.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here