60 the increase in gross borrowings outpaced a higher repayment of loans during year larger drawdown external was mainly by companies services plantation manufacturing and oil gas sectors despite borrowing overall risk profile private sector medium long term debt remained low as bulk these have natural hedge most were used to finance export oriented activities overseas investment with foreign exchange earnings income furthermore large share sourced from offshore shareholders parent or associate more flexible terms at concessionary interest rates meanwhile repayments effected thus outstanding increased rm63 5 billion usd16 6 end 2005 2004 rm60 short maturity one less rose rm2 4 rm46 2 usd12 1 due entirely an banking for hedging on trade
