KUALA LUMPUR (Dec 8): The Malaysian government will issue RM1 billion worth of Treasury bills on Thursday (Dec 9).
According to the Bond and Sukuk Information Exchange (BIX) website, the government-backed RM1 billion Treasury bills will mature on June 9, 2022.
Bank Negara Malaysia is the lead arranger and facility agent.
The Economic Outlook 2022 Report published by the Ministry of Finance (MoF) at end-October showed that fundraising activities in the capital markets for the public sector had regressed marginally by 0.5% to RM97.4 billion as at the end of July from a year ago.
The RM97.4 billion was raised from the sovereign debt capital markets via issuances of Malaysian Government Securities (MGS) worth RM48.5 billion and Malaysian Government Investment Issues (MGII) worth RM48.9 billion.
Malaysian bonds also benefitted from international investors with a higher risk appetite seeking out higher return fixed-income assets in the emerging markets.
Between January and July 2021, the one-year, three-year, five-year, and 10-year MGS yields increased within the range of 3- to 53 basis points (bps), while corporate bonds saw its five-year AAA-rated, AA-rated and A-rated securities increase within 6- to 43 bps, MoF noted.