Higher govt bond issuance seen

TheStar Fri, Jan 18, 2019 09:07am - 5 years View Original


“We expect a material decline in the gross issuance of unrated government-guaranteed and infrastructure-related corporate bonds as a result of the government’s reprioritisation efforts,” AmBank Research pointed out.

“We expect a material decline in the gross issuance of unrated government-guaranteed and infrastructure-related corporate bonds as a result of the government’s reprioritisation efforts,” AmBank Research pointed out.

PETALING JAYA: Malaysian government bond issuance is expected to increase by at least 2% this year, according to AmBank Research.

The brokerage projected total gross issuance of the Malaysian Government Securities (MGS) and Government Investment Issua (GII) in the primary market to hover around RM115bil to RM125bil compared with RM112.8bil in 2018.

   

“We derive our projection based on the government’s projection of its fiscal deficit at RM52.1bil and expect higher volume of mature MGS/GII papers at RM69bil (2018: RM62.8bil),” AmBank Research said.

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