treasury bond
7.While giving top priority to providing supplementary loans for treasury-bond projects, banks also provided working capital and loans in support of technological transformation by credit-worthy enterprises that are profitable and have a ready market for their products.
8.We devoted a portion of the treasury-bond funds to agriculture and rural infrastructure development. Emphasis was placed on harnessing major rivers and lakes, upgrading rural electric power grids and constructing depots for national grain reserves. Support was also given to agricultural and small rural infrastructure projects.
9.At the beginning of 1998, central government relied on the increase of investment as the major means to push forward economic growth. In particular, in the second half of this year, more active fiscal policy was adopted by issuing 100 billion Yuan worth of long-term state treasury bond to enhance input in infrastructures, bringing about an accelerated growth of investment in fixed assets which became the main factor for the picking up of economic growth.
10.When sentiment towards Asia was at its low last year, the Petronas 2006 US$bond was trading at a huge spread of 1,200 basis points over the equivalent U.S. treasury, and since then the spread has narrowed as fears over a possi-bility that the Malaysian government would default on its external liabilities subsided.
