| StanChart Malaysia offers direct foreign currency bond investments |
| Personal Finance | |||
| Written by Personal Money | |||
| Wednesday, 19 August 2009 20:30 | |||
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KUALA LUMPUR: Standard Chartered Bank Malaysia Bhd has introduced access for retail investors to buy and sell foreign currency bond investments in the secondary market. In a statement, Standard Chartered Malaysia's country head of consumer banking Tiew Siew Chuen said that there is a general return to more active investing among sophisticated investors and they are seeking more alternative investment tools to build their wealth. The introduction features six issuers: Standard Chartered plc, government of Qatar, Hutchinson Whampoa International Limited, Commonwealth Bank of Australia, RaboBank and Tesco plc. The current stable of bonds offers yield-to-maturity that range from 3.67% to 5.8% and ratings by S&P range from A- to AAA.
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