Friday, October 28, 2016

Re-opening of 20-year MGS maturing 31 May 2035 with an issuance size of RM2.0bn recorded a decent book-to-cover rat


Dear Readers,

Highlights of the report as follow:-

·         Re-opening of 20-year MGS maturing 31 May 2035 with an issuance size of RM2.0bn recorded a decent book-to-cover ratio (BTC) of 2.15 times. Demand was mainly from local pension funds, insurance and asset management companies. Foreign appetite was affected by rise in global bond yields.
·         Next tender to watch is the re-opening of 7-year MGII 07/23 in November 2016.

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