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$ Bonds
Eurobonds are direct unconditional obligations of a national government or a corporation that are denominated in US Dollars. They are interest bearing, carry various tenors and can be traded based on prevailing market rates.| Type of Security | Term | Coupon | Minimum Required Amount | Tax |
|---|---|---|---|---|
| $ Bonds | Up to 25 Years; Perpetual | Rate is determined during issuance. | USD 20,000 (Face Value) | Not subject to withholding tax |
RM Bonds
Government Securities are direct and unconditional obligations of the Republic of Malaysia. There are two types of Government Securities: Treasury Bills and Treasury Bonds.| Type of Government Security | Term | Coupon | Minimum Required Amount | Tax |
|---|---|---|---|---|
| Treasury Bills | 91-days, 182-days and 364 days | No coupon. Sold at a discount. | RM 1,000,000.00 | Subject to 20% FWT |
| Treasury Bonds | 2 years, 5 years, 7 years, 10 years, 20 years and 25 years | Rate is determined during issuance. | RM 1,000,000.00 | Subject to 20% FWT |
Ringgit Corporate Bonds are debt securities issued by corporations. Corporate bonds have higher risk than government securities. Yields are normally higher to incorporate credit spreads.
| Type of Security | Term | Coupon | Minimum Required Amount | Tax |
|---|---|---|---|---|
| Ringgit Corporate Bond | More than 1 year | Rate is determined during issuance. | RM 100,000.00 | Subject to 20% FWT |
Long Term Negotiable Certificates of Deposits are negotiable certificates issued by banks with a designated maturity. They constitute direct, unconditional, unsecured and unsubordinated obligations of the issuer. *
| Type of Security | Term | Coupon | Minimum Required Amount | Tax |
|---|---|---|---|---|
| Long Term Negotiable Certificates of Deposits | More than 5 Years | Rate is determined during issuance. | RM 100,000.00 | Tax-exempt |
*This product is covered by PIDM. Maximum Deposit Insurance for Each Depositor RM 500,000
