Higher govt bond issuance seen
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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