KUALA LUMPUR (May 4): Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund with a market value of about 11.72 trillion Norwegian kroner (about RM5.66 trillion) reported a sharp drop in its Malaysian government bond investments at 6.58 billion Norwegian kroner as at Dec 31, 2021 from 11.34 billion Norwegian kroner a year earlier, according to latest updates by the Norwegian central bank’s asset management unit.
Norges Bank Investment Management is the asset management unit of Norwegian central bank Norges Bank, which has been tasked to manage the Government Pension Fund Global, often referred to as Norway’s oil fund, the former said on its website.
Norges Bank Investment Management did not elaborate on its Malaysian bond investments.
According to Bank Negara Malaysia (BNM), the country’s government bonds include the conventional Malaysian Government Securities (MGS) and Islamic-compliant Government Investment Issues (GII).
BNM said on its website the MGS and GII have tenures of three, five, seven and 10 years.
Among others, the trading yield for the three-year MGS, which mature in March 2025 and pay an annual coupon or interest rate of 3.882%, closed down nine basis points at 3.49% on April 29, 2022, according to BNM’s latest updates.
Meanwhile, the trading yield for the 10-year GII, which mature on October 2032, closed down six basis points at 4.41%, BNM said.