Dear Readers, Highlights of the report as follow:- |
· The re-opening of the 20-year MGII 08/37 with a size of RM2.5bill, recorded a stronger-than-expected bid-to-cover (BTC) ratio of 2.118 times. Average yield for this MGII is 4.804%, which sits within a comparatively tight range between 4.790% and 4.827%. · The next tender to watch is the re-opening of the 5-year MGS 04/23 this month. It will be the second new issuance of MGS in 2018. The last new issuance of such papers was the 5-year MGS 03/22 in September 2017 which reported a 1.899 times BTC ratio. |
Best regards,
Fixed Income Research & Strategy
AmBank Research, AmBank (M) Berhad
+603 2036 2292 (DL) +03 2031 7218 (Fax)
Level 15, Bangunan AmBank Group, 55 Jalan Raja Chulan, 50200 Kuala Lumpur
****************************************************************************************************************************************************************************************************************************************************************************************************************
DISCLAIMER:
This message may contain confidential and privileged information for its intended recipient(s) only. If you are not an intended recipient, you are hereby notified that any review, dissemination, and distribution, printing or copying of this message or any part thereof is strictly prohibited. Please delete the entire message and inform the sender of the error. Any opinions, conclusions and other information in this message that are unrelated to official business of AmBank Group are those of the individual sender and shall be understood as neither explicitly given nor endorsed by AmBank Group.
****************************************************************************************************************************************************************************************************************************************************************************************************************
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.