Aug 07 2012
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Malaysia Sells MYR3.50 Bln Feb 2016 Govt Investment Issues at Average Yield of 3.235%
Tuesday, Aug 07, 2012
By Jason Ng
KUALA LUMPUR--Malaysia sold 3.50 billion ringgit ($1.12 billion) worth of Government Investment Issues maturing February 2016 at an average yield of 3.235%, the central bank said on its website Tuesday.
The Islamic bond, or sukuk, attracted a bid-to-cover ratio of 1.92 within market expectation of between 1.5 and 2.0. The paper will be issued Wednesday, Bank Negara Malaysia said.
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