Best in Malaysia

This has been a year of modest recovery for Malaysia’s structured products markets. The Malaysian economy recorded just over 10% year-on-year growth for the first half of the year, prompting Bank Negara Malaysia to push through a series of three 25-basis-point interest rates hike starting in March. For makers of structured notes, the rate rises have been both a blessing and a challenge. On the one hand, the hike means that, when pricing capital-protected structures, issuers have a reasonable