• Cagamas said given that year-to-date issuances from both domestic and international markets amounted to RM19.17 billion, it is on track to achieve at least RM20 billion in issuance of bonds and sukuk this year.

KUALA LUMPUR (Dec 5): Cagamas Bhd has concluded issuance of RM1.085 billion worth of bonds and sukuk, comprising RM735 million one-year Islamic Medium Term Notes (IMTNs), RM200 million three-year IMTNs and RM150 million five-year Conventional Medium Term Notes (CMTNs).  

The National Mortgage Corporation of Malaysia said in a statement the proceeds from the issuance will be used to fund the purchase of housing loans and house financing from the domestic financial system. 

Cagamas president and chief executive officer Datuk Chung Chee Leong said, “We are pleased with the successful conclusion of the IMTN and CMTN issuances despite cautious market sentiment in view of the lingering domestic political landscape prior and after the 15th general election.  

“The issuances were reasonably priced above the corresponding Malaysian Government Securities and Malaysian Government Instrument Issues.” 

Cagamas said given that year-to-date issuances from both domestic and international markets amounted to RM19.17 billion, it is on track to achieve at least RM20 billion in issuance of bonds and sukuk this year.  

The papers will be redeemed at their full nominal value upon maturity, and are unsecured obligations of the company, ranking pari passu with all other existing unsecured obligations of the company.

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