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Dear Readers,
Highlights
of the report as follow:-
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· Following the
re-opening of 15-year MGII maturing 30 September 2030 with an issuance size
of RM3.0bn, the book-to-cover ratio (BTC) was 2.493 times, higher than the
average YTD’s BTC of 2.284 times but slightly lower compared to the most
recent re-opening of 15-year MGII in May 2016, which was at 2.621 times.
· Demand predominantly
came from local banks, Islamic real money, life and pension funds that are
heavy cash-in-hand.
· The wider 25.4 bps
15-year MGII/MGS spread might have attracted some interest from
value-seekers. This compared to long-term 15-year MGII/MGS spread of 18.3
bps.
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Friday, August 12, 2016
· Following the re-opening of 15-year MGII maturing 30 September 2030 with an issuance
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