How to Invest
Choosing the Securities you Want to Buy
Bank Negara Monetary Notes (BNMN)

Issuer Issued by Bank Negara Malaysia for managing liquidity in both the conventional and Islamic financial market.
Tenor 91-, 182, 364-days and 1 to 3 years
Currency Malaysian ringgit
Interest Payment The notes are issued either on a discounted or a coupon bearing basis.
Minimum Amount of Tender By competitive auction on yield-bid basis.
Method of Sale in the Primary Market Discount-based BNMN are traded by competitive auction on yield-bid basis; Coupon-bearing BNMN are offered monthly via competitive auction to Principal Dealers on a yield basis, or issued by private placement to selected institutions.
Who may bid Principal Dealers appointed by Bank Negara Malaysia.
Redemption Bills are redeemed at par upon maturity.
Taxation Exempted from interest income tax and capital gains tax.
Secondary Market Trading Over-the-counter.

Malaysian Treasury Bills (MTB)

Issuer The Government of Malaysia issues these unsecured Bills, facilitated by Bank Negara Malaysia.
Tenor 91, 182, and 365 days
Currency Malaysian ringgit
Interest Payment Bills are issued on a discount basis.
Minimum Amount of Tender Principal Dealers must bid a minimum of 10% of the issue in multiples of MYR 1 million.
Method of Sale in the Primary Market By competitive auction on yield-bid basis.
Who may bid Principal Dealers appointed by Bank Negara Malaysia.
Redemption Bills are redeemed at par upon maturity.
Taxation Bills are exempt from interest income tax and capital gains tax.
Secondary Market Trading Over-the-counter.

Malaysian Government Securities (MGS)

Issuer The Government of Malaysia issues these unsecured securities, facilitated by Bank Negara Malaysia.
Tenor 3 to 20 years
Currency Malaysian ringgit
Interest Payment Interest payment is semiannual. Coupon rate is market-determined based on the weighted average successful yield of the issue. Day count basis is Actual/Actual basis.
Minimum Amount of Tender Principal Dealers must bid a minimum of 10% of the issue in multiples of MYR 1 million.
Method of Sale in the Primary Market Offered monthly via competitive auction to Principal Dealers on a yield basis, or issued by private placement to selected institutions.
Who may bid Principal Dealers appointed by Bank Negara Malaysia.
Redemption Securities are redeemed at par upon maturity.
Taxation Bonds are exempt from interest income tax and capital gains tax.
Secondary Market Trading Over-the-counter, traded on a price basis.

Government Investment Issues (GII)

Issuer The Government of Malaysia issues GIIs, which are unsecured Islamic bonds based on Islamic principles (Bai’ Al-Inah), facilitated by Bank Negara Malaysia.
Tenor 3 to 10 years
Currency Malaysian ringgit
Interest Payment Bonds are issued on a discount basis.
Minimum Amount of Tender Principal Dealers must bid a minimum of 10% of the issue in multiples of MYR 1 million.
Method of Sale in the Primary Market Competitive tenders are submitted by Islamic banks or Principal Dealers with Skim Perbankan Islam (SPI) operations and are on a price/100 basis. 
Who may bid Islamic banks and Principal Dealers with SPI operations.
Redemption Bonds are redeemed at par upon maturity.
Taxation Bonds are exempt from interest income tax and capital gains tax.
Secondary Market Trading Over-the-counter.

Sukuk Bank Negara Malaysia Issue (SBNMI)

Issuer Bank Negara Malaysia
Tenor 1 and 2 years
Currency Malaysian ringgit
Interest Payment Bonds have zero coupon
Minimum Amount of Tender Bids submitted must be in multiples of MYR 100 million to 200 million
Method of Sale in the Primary Market Needs a special purpose vehicle to facilitate primary issuance
Who may bid Islamic Banks and Principal Dealers
Redemption Bonds are redeemed at par upon maturity.
Taxation No withholding taxes on interest income as the bonds are zero-coupon.
Secondary Market Trading Over the counter

Cagamas Instruments

Instruments A. Cagamas Notes
B. Cagamas Bonds
C. Sanadat Mudrabahah Cagamas
D. Sanadat Cagamas
Issuer Cagamas Berhad
Tenor A. 1 – 12 months
B. 1 – 10 years
C. Up to 10 years
D. Up to 10 years
Currency Malaysian ringgit
Interest Payment

A. Issued on a discount basis
B. Fixed- or floating- rate
C & D. Dividend based on a predetermined profit-sharing ratio payable semiannually

Average Issue Size MYR 200-300m
Minimum Amount of Tender
 Minimum amount to tender for Cagamas debt securities in the primary market is MYR1,000,000 while the minimum purchase from the secondary market is MYR1,000.
Method of Sale in the Primary Market Via competitive auction to Principal Dealers on a yield basis, or issued by private placement to selected institutions
Who May Apply
 Principal Dealers appointed by Cagamas Berhad
Redemption Redeemable at par upon maturity
Taxation Exempt from interest income tax and capital gains tax.
Secondary Market Trading Over-the-counter

Khazanah Bonds

Instrument Khazanah Bonds
Issuer Khazanah Nasional Berhad, a Government holding company, issues these unsecured zero coupon bonds under the Islamic principle of Murabahah.
Tenor 3, 5, 7, and 10 years
Currency Malaysian ringgit
Interest Payment Bonds are issued on a discount basis.
Average Issue Size MYR 10 million
Minimum Investment Bids submitted must be in multiples of MYR 1 million.
Method of Sale in the Primary Market Khazanah bonds are issued quarterly via competitive auction to Principal Dealers. Bids are on a price/100 basis.
Who may bid Principal Dealers.
Redemption Bullet repayment of face value upon maturity.
Taxation No withholding taxes on interest income as the bonds are zero-coupon.
Secondary Market Trading Over-the-counter; traded on yield basis for When Issue trading and on price-basis after issue. All Principal Dealers are required to make 2-way quotes for Khazanah bonds.