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Dear Readers,
Highlights
of the report as follow:-
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· Re-opening of 10-year
MGS maturing 30 November 2026 with an issuance size of RM3.0bn registered
lower book-to-cover ratio (BTC) of 1.752 times compared to average YTD’s BTC
of 2.258 times but slightly higher compared to the most recent re-opening of
10-year MGS in November 2015 of 1.503 times. Demand was from local banks,
real money, asset managements, life and pension funds.
· The narrower 199.8
bps 10-year MGS/UST spread might have dampened some interest from
value-seekers. This compared to year-to-date 10-year MGS/UST spread high of
242.6 bps.
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Friday, August 26, 2016
· Re-opening of 10-year MGS maturing 30 November 2026 with an issuance size of RM3.0b
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