FW: RHB FIC : Auction Calendar 2018 - 21/12/17

 

 

21 December 2017

 

Fixed Income Strategy

 

Auction Calendar 2018: Increased issuances of GII in 2018, continued efforts to deepen the GII segment further

 

Increased issuance of GII in 2018, continued efforts to deepen the GII segment further. The Auction Calendar for 2018 was released today. There will be 15 MGS and 18 GII auctions in 2018, bringing a total of 33 auctions versus 16 MGS and 16 GII auctions completed in 2017. We opine the increased issuances of GII auctions in 2018 are positively in line with the Federal Government of Malaysia's (GOM) continued efforts to feature Malaysia as an Islamic financial hub for sukuk issuances, as well as deepening the GII segment further. In terms of overall funding mix, we are expecting an overall balanced mixed of 50 : 50 between MGS : GII in 2018. Of the total 33 auctions scheduled in 2018, there will be a total of 9 new issuances with the remaining balance of 24 auctions featured as reopenings.

 

This message is intended only for the use of the person(s) to whom it is addressed and may contain information that is privileged or otherwise protected from disclosure. If you are not the intended recipient you are hereby notified that any use, review, disclosure or copying of this message and the information it contains is prohibited. If you receive the message in error, please notify the sender by reply e-mail and discard all its contents.   Thank You.