Thursday, October 6, 2016

New issue of 3.5-year MGII maturing 15 April 2020 with an issuance size of RM3.5bn recorded lower book-to-cover ratio (BTC) of 2.07 times compared to average YTD’s BTC of


Dear Readers,

Highlights of the report as follow:-

·         New issue of 3.5-year MGII maturing 15 April 2020 with an issuance size of RM3.5bn recorded lower book-to-cover ratio (BTC) of 2.07 times compared to average YTD’s BTC of 2.25 times. Demand was mainly from local pension funds, insurance and asset management companies. Foreign appetite was affected by the resurgence of US dollar strength and recent sell-off across global bond markets.
·         Next tender to watch is the re-opening of 10-year MGII 09/26 in October 2016.

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