In August, total MGS/GII outstanding expanded to RM965.7 billion (July: RM958.8 billion) amid lower redemptions (August: RM8.6 billion; July: RM19.0 billion). The increase in the outstanding amount was driven by stronger MGS issuances valued at RM10.0 billion (July: RM5.0 billion). As GII issuances had come in at RM5.5 billion (July: RM10.5 billion), the total gross issuances of MGS/GII in August stood unchanged from the previous month at RM15.5 billion. Public offerings of MGS/GII were met with strong bidding interest, with BTC ratios exceeding 2.0x. YTD, the average BTC ratio stood at 2.4x.