Bank Negara Monetary Notes
Bank Negara Monetary Notes (BNMN) are securities issued by
Bank Negara Malaysiareplacing the existing Bank Negara Bills (BNB) for purposes of managing liquidity in the conventional financial market. The maturity of these issuances has been lengthened from one year to three years. New issuances of BNMN may be issued either on a discounted or a coupon-bearing basis depending on investors' demand. Discount-based BNMN will be traded using the same market convention as the existing BNB and Malaysian Treasury Bills (MTB) while the coupon-based BNMN will adopt the market convention of Malaysian Government Securities (MGS).
BNMN are tradable on yield basis (discounted rate) based on bands of remaining tenure (e.g., Band 4= 68 to 91 days to maturity). The standard trading amount is RM5 million, and it is actively traded in the secondary market.
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