KUALA LUMPUR, March 15 — Malaysia is poised to record a RM1.6 billion profit from its 2019 samurai bond issuance, thanks to the significant depreciation of the Japanese yen against the ringgit.

Former finance minister and Bagan MP Lim Guan Eng revealed today that the 200 billion yen (RM7.2 billion) bond, which was heavily debated when it was first issued during the Pakatan Harapan administration, has effectively become a major foreign exchange gain for the country.