RAM said given the low cost of funding and as issuers look to lock in their financing by year end, it is well within sight of achieving the higher end of its projected range of RM80bil-RM95bil for the year.
KUALA LUMPUR: Foreign demand for Malaysian bonds stayed sturdy in October, with the domestic bond market charting its sixth consecutive month of net foreign inflows at RM8bil, RAM Ratings said.
In a statement issued on Tuesday, the rating agency said the foreign inflow was a vast improvement from marginal net inflows of RM500mil in September as uncertainties over the FTSE Russell watchlist decision kept most investors on the sidelines.
With the uncertainties out of the way, the MGS/GII issuance in October continued to be robust at RM14.5bil with healthy bids-to-cover of close to two times or more.
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