Don't Mind Please

I tweet about #money, #markets,
#investments, #businesses and #finance, with special focus on #Malaysia.

All info is publicly available.

[Don't Mind Please @DoNotMindPlease]

According to TAB Global / The Asian Banker’s latest rankings, Hong Leong Financial Group has taken the #1 spot in Malaysia for financial strength! 🇲🇾📈

[Don't Mind Please @DoNotMindPlease]

UK Budget

*UK BANK TAX HIKE SAID TO BE TEMPORARY, SURCHARGE LESS THAN 8%

*UK RAISES DUTY ON GAMING MACHINES TO 25% FROM 20%

*UK TO INCREASE BANK SURCHARGE TO 6% FROM 3%

*UK PLANS £250.6 BILLION GILT SALES IN 2026-27; EST. £249.2B

*UK 2026 GDP GROWTH FORECAST RAISED TO 1.2% FROM 1.1%

*UK 2027 GDP GROWTH FORECAST LOWERED TO 1% FROM 1.6%

*UK FISCAL HEADROOM VS SPENDING RULE £15B; EXPECTED £15.2B

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Mega merger in the Malaysia Telco space

*MAXIS, U MOBILE ARE SAID TO REVIVE PLANS FOR COMBINATION

*MAXIS IS SAID TO ASK POTENTIAL ADVISERS TO SUBMIT PROPOSALS

*MAXIS, U MOBILE TALKS START TO GAIN MORE TRACTION: SOURCES

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*U MOBILE OWNERS ARE SAID TO SEEK OVER MYR10B VALUATION IN DEAL

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*FITCH RATINGS: MALAYSIAN ISLAMIC FINANCE KEEPS GROWTH ON STRUCTURAL DEPTH, POLICY

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USD Credit Market week to date as of 29-Oct-2026 (Thursday):

Changes week to date
- USD O/N SOFR @ 3.95% (+3bps)
- 5Y USD SOFR SWAP @ 4.56% (+4bps)
- 2Y UST @ 4.7% (+2bps)
- 5Y UST @ 4.84% (+3bps)
- 10Y UST @ 5.02% (+2bps)
- 30Y UST @ 5.34% (+2bps)
- 2y/10y UST Yield Curve @ 32bps (unch)

USD Aussie Bank Senior Credit FIXED:
- ANZ 4.615% 12/16/29 @ 5.15% (+2bps)
- NAB 4.901% 01/14/30 5.09% (+3bps)
- MQGAU 5.033% 01/15/30 5.39% (-3bps)
- WSTP 2.65% 01/16/30 5.09% (-1bps)
- CBAAU 4.608% 03/14/30 5.07% (-3bps)

USD Aussie Bank Tier 2 Credit FIXED:
- HLBKMK 4.4% 05/29/29 @ 0% (unch)
- NAB 3.933% 08/02/34 5.74% (unch)
- ANZ 5.731% 09/18/34 5.76% (+3bps)
- CBAAU 3.61% 09/12/34 5.73% (unch)
- MQGAU 3.052% 03/03/36 6.19% (+4bps)
- WSTP 3.02% 11/18/36 6.1% (+3bps)

USD Non-APAC Senior Credit:
- HSBC 4.675% 03/10/32 5.79% (-6bps)

USD SG Credit:
- DBSSP 4.403% 03/21/28 @ 4.91% (+4bps)
- UOBSP 4.401% 04/02/28 4.94% (-3bps)

USD Malaysia Credit:
- AMMMK 5.252% 01/23/30 5.6% (+1bps)
- PETMK 4.95% 01/03/31 5.39% (+3bps)
- KNBZMK 2.78% 05/11/31 5.53% (+6bps)
- MALAYS 4.612% 04/30/32 4.91% (+3bps)

USD China Credit:
- CHGRID 1 5/8 08/05/30 4.96% (+8bps)
- SINOPE 2.7% 05/13/30 4.97% (+3bps)

[Don't Mind Please @DoNotMindPlease]

AUD Credit Market week to date as of 29-Oct-2026 (Thursday):

Changes week to date
- 3mBBSW @ 4.86% (+4bps)
- 2Y ACGB @ 4.9% (+4bps)
- 5Y ACGB @ 4.9% (+2bps)
- 10Y ACGB @ 5.17% (+1bps)
- 30Y ACGB @ 5.59% (+1bps)

AUD Senior (Bank & Corp)
FXD
- CBAAU 5.03% 01/15/31 @ 5.58% (+2bps)
- UOBSP 5.023% 01/29/31 5.57% (+2bps)
- WSTP 5.141% 02/12/31 5.6% (+3bps)
- DBSSP 5.065% 02/13/31 5.54% (+3bps)
- GOOGL 5 1/2 08/27/31 5.8% (+2bps)
- NAB 5.1% 10/16/35 5.95% (+2bps)
- GOOGL 6 1/4 08/27/36 6.21% (unch)
FRN
- OCBCSP Float 01/15/29 @ DM+57bps (+1bps)
- DBSSP Float 02/13/29 @ DM+57bps (+1bps)
- ANZ Float 02/18/30 @ DM+65bps (unch)
- NAB Float 03/18/30 @ DM+65bps (unch)
- MQGAU Float 07/17/30 @ DM+73bps (+1bps)
- CBAAU Float 01/15/31 @ DM+66bps (unch)
- WSTP Float 02/12/31 @ DM+67bps (unch)
- GOOGL Float 08/27/31 @ DM+94bps (+1bps)

Bank AUD Tier 2
FXD
- CBAAU 5.632% 03/05/36 6.26% (+2bps)
- MQGAU 5.757% 08/20/36 6.46% (+4bps)
- MQGAU 6.1456% 05/29/40 6.83% (+4bps)
- NAB 5.774% 07/30/40 6.72% (+5bps)
- ANZ 5.691% 08/14/40 6.72% (+4bps)
- WSTP 6.085% 02/12/41 6.76% (+5bps)
FRN
- WSTP Float 02/12/35 @ DM+122bps (+1bps)
- NAB Float 11/14/35 @ DM+129bps (unch)
- CBAAU Float 03/05/36 @ DM+133bps (+2bps)
- MQGAU Float 08/20/36 @ DM+157bps (+6bps)
- ANZ Float 02/23/37 @ DM+143bps (+3bps)

Kangaroo Bonds (Foreign issuers in AUD):
- MTRC 4.886% 01/29/31 5.4% (+3bps)
- MTRC 5.582% 01/29/38 6.19% (+3bps)

[Don't Mind Please @DoNotMindPlease]

Ringgit Bonds on Wednesday (28/10):

Table 1: End of the day levels.

Table 2: Changes in the day.
- MYR IRS gained 1-3bps.

- Govvies yileds gained 3-5bps.

- GG yields gained 1bps in the long end.

- Caga yields unchanged.

- Rated corp yields gained 1-2bps.

[Don't Mind Please @DoNotMindPlease]

*CORRECT: CHINA 5-YEAR YIELD DROPPED PAST RECORD LOW CLOSE

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*SOUTH KOREA 3Q GDP EXPANDS 1% Q/Q; EST. +0.8%

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*S&P AFFIRMS AMBANK 'BBB+/A-2' RATINGS; OUTLOOK STABLE

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*TENAGA NASIONAL ISSUES MYR4.8B SUSTAINABILITY SUKUK WAKALAH

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*NESTLE MALAYSIA 3Q REV. 1.86B RINGGIT, +5.3% Y/Y

*NESTLE MALAYSIA 3Q NET INCOME 197.5M RINGGIT, +73% Y/Y

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*CIMB IS SAID TO ATTRACT BPI, METROBANK FOR PHILIPPINE UNIT SALE

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*SoftBank Earlier This Month Announced Agreement With Grab, Petroleum Sarawak to Explore AI Infrastructure in Malaysia

*SoftBank Working Closely With Malaysia Govt, Relevant Parties, Spokesperson Says

*SoftBank Group Exploring AI, Digital Infrastructure Business Opportunities in Malaysia, Spokesperson Says

[Don't Mind Please @DoNotMindPlease]

USD Credit Market week to date as of 28-Oct-2026 (Wednesday):

Changes week to date
- USD O/N SOFR @ 3.93% (+1bps)
- 5Y USD SOFR SWAP @ 4.56% (+4bps)
- 2Y UST @ 4.74% (+6bps)
- 5Y UST @ 4.84% (+3bps)
- 10Y UST @ 5% (unch)
- 30Y UST @ 5.31% (-1bps)
- 2y/10y UST Yield Curve @ 26bps (-6bps)

USD Aussie Bank Senior Credit FIXED:
- ANZ 4.615% 12/16/29 @ 5.18% (+5bps)
- NAB 4.901% 01/14/30 5.09% (+3bps)
- MQGAU 5.033% 01/15/30 5.41% (-1bps)
- WSTP 2.65% 01/16/30 5.11% (+1bps)
- CBAAU 4.608% 03/14/30 5.09% (-1bps)

USD Aussie Bank Tier 2 Credit FIXED:
- HLBKMK 4.4% 05/29/29 @ 0% (unch)
- NAB 3.933% 08/02/34 5.78% (+4bps)
- ANZ 5.731% 09/18/34 5.81% (+8bps)
- CBAAU 3.61% 09/12/34 5.77% (+4bps)
- MQGAU 3.052% 03/03/36 6.2% (+5bps)
- WSTP 3.02% 11/18/36 6.11% (+4bps)

USD Non-APAC Senior Credit:
- HSBC 4.675% 03/10/32 5.83% (-2bps)

USD SG Credit:
- DBSSP 4.403% 03/21/28 @ 4.95% (+8bps)
- UOBSP 4.401% 04/02/28 4.98% (+1bps)

USD Malaysia Credit:
- AMMMK 5.252% 01/23/30 5.62% (+3bps)
- PETMK 4.95% 01/03/31 5.41% (+5bps)
- KNBZMK 2.78% 05/11/31 5.54% (+7bps)
- MALAYS 4.612% 04/30/32 4.92% (+4bps)

USD China Credit:
- CHGRID 1 5/8 08/05/30 4.96% (+8bps)
- SINOPE 2.7% 05/13/30 4.98% (+4bps)

[Don't Mind Please @DoNotMindPlease]

AUD Credit Market week to date as of 28-Oct-2026 (Wednesday):

Changes week to date
- 3mBBSW @ 4.85% (+3bps)
- 2Y ACGB @ 4.89% (+3bps)
- 5Y ACGB @ 4.9% (+2bps)
- 10Y ACGB @ 5.17% (+1bps)
- 30Y ACGB @ 5.59% (+1bps)

AUD Senior (Bank & Corp)
FXD
- CBAAU 5.03% 01/15/31 @ 5.59% (+3bps)
- UOBSP 5.023% 01/29/31 5.58% (+3bps)
- WSTP 5.141% 02/12/31 5.62% (+5bps)
- DBSSP 5.065% 02/13/31 5.54% (+3bps)
- GOOGL 5 1/2 08/27/31 5.81% (+3bps)
- NAB 5.1% 10/16/35 5.95% (+2bps)
- GOOGL 6 1/4 08/27/36 6.21% (unch)
FRN
- OCBCSP Float 01/15/29 @ DM+57bps (+1bps)
- DBSSP Float 02/13/29 @ DM+56bps (unch)
- ANZ Float 02/18/30 @ DM+65bps (unch)
- NAB Float 03/18/30 @ DM+65bps (unch)
- MQGAU Float 07/17/30 @ DM+73bps (+1bps)
- CBAAU Float 01/15/31 @ DM+67bps (+1bps)
- WSTP Float 02/12/31 @ DM+68bps (+1bps)
- GOOGL Float 08/27/31 @ DM+93bps (unch)

Bank AUD Tier 2
FXD
- CBAAU 5.632% 03/05/36 6.27% (+3bps)
- MQGAU 5.757% 08/20/36 6.46% (+4bps)
- MQGAU 6.1456% 05/29/40 6.83% (+4bps)
- NAB 5.774% 07/30/40 6.71% (+4bps)
- ANZ 5.691% 08/14/40 6.71% (+3bps)
- WSTP 6.085% 02/12/41 6.76% (+5bps)
FRN
- WSTP Float 02/12/35 @ DM+121bps (unch)
- NAB Float 11/14/35 @ DM+129bps (unch)
- CBAAU Float 03/05/36 @ DM+132bps (+1bps)
- MQGAU Float 08/20/36 @ DM+156bps (+5bps)
- ANZ Float 02/23/37 @ DM+143bps (+3bps)

Kangaroo Bonds (Foreign issuers in AUD):
- MTRC 4.886% 01/29/31 5.41% (+4bps)
- MTRC 5.582% 01/29/38 6.19% (+3bps)

[Don't Mind Please @DoNotMindPlease]

Ringgit Bonds on Tuesday (27/10):

Table 1: End of the day levels.

Table 2: Changes in the day.
- MYR IRS gained 2bps.

- Govvies yields gained 3-5bps.

- GG/Caga/Rated corp yields gained 2-5bps,

[Don't Mind Please @DoNotMindPlease]

*SINGAPORE EMA: CONDITIONAL APPROVAL FOR SEMBCORP VMS POWER LINK

*SINGAPORE, MALAYSIA RENEW MOU TO STRENGTHEN ENERGY COOPERATION

*SEMBCORP TO SUPPLY NXERA DATA CENTERS WITH LOW-CARBON ENERGY

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*CelcomDigi: Unit Lodges MYR10B Islamic Notes Program With Securities Commission Malaysia