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 Hoe to buy bond, Apart from FSM platform

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Havoc Knightmare
post Jan 24 2019, 09:56 PM

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1,205 posts

Joined: Feb 2006
From: Kuala Lumpur


QUOTE(alexkos @ Jan 24 2019, 08:46 PM)
For small retail investor with limited bullet...

Is there any way to, say, purchase the 30-year government bond from secondary market? Which broker provide access to the market?

I'm sorry.... I tried to search in forum but couldn't get the answer....

Appreciate response... Thank you smile.gif
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There are four listed bonds on Bursa, three Danainfra and one Khazanah. They are as good as government bonds from a retail investor's perspective. Danainfra is a 100% MoF owned company that built and is operating the MRT while Ihsan sukuk is a Khazanah bond. The longest one available is a bond maturing in 2028, which is 9 years. Aside from that, there are bond funds that you can buy on FSM, which is in another thread.

Danainfra
https://klse.i3investor.com/servlets/stk/0400ga.jsp
https://klse.i3investor.com/servlets/stk/0400gb.jsp
https://klse.i3investor.com/servlets/stk/0400gc.jsp

Khazanah's Ihsan Sukuk
https://klse.i3investor.com/servlets/stk/0401ga.jsp
Havoc Knightmare
post Jan 25 2019, 07:00 AM

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1,205 posts

Joined: Feb 2006
From: Kuala Lumpur


QUOTE(alexkos @ Jan 24 2019, 11:05 PM)
tq @ knight...

itu bursa listed bond dia punya bid/ask spread quite crazy.....

nevertheless, good finding...tq =)
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Unfortunately that is the reality even for those with private banking access. Banks usually charge them similar or even worse bid/ask spreads. If there is a retail bond that is highly liquid and narrow bid/ask spread, it would probably be well known to the public already. These bursa listed bonds have the same banks acting as market maker, that's why the spreads are like that.

This post has been edited by Havoc Knightmare: Jan 25 2019, 07:02 AM
Havoc Knightmare
post Jan 25 2019, 11:23 AM

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From: Kuala Lumpur


It's very difficult for the retail bond market in Malaysia to develop due to relatively high FD rates and alternative options like ASB/ASNB.

 

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