Cagamas Concludes Pricing for Securities worth MYR 705 Million Including MYR 305 Million Sukuk

Marking its sixth issuance exercise for the year, National Mortgage Corporation of Malaysia (Cagamas Berhad) has concluded its pricing for MYR 750 million worth securities comprising of MYR 305 million 3 month Sukuk, MYR 300 million 3 month conventional commercial papers and MYR 100 million dual tenure one and two year conventional securities, according to Datuk Chung Chee Leong, the President and Chief Executive Officer of Cagamas.

According to Chee Leong, proceeds from the issuance of these securities will be utilized towards funding the procurement of eligible assets. Leong added that the recent reduction in overnight policy rates by Bank Negara Malaysia (BNM) has led to several financing institutions and others to see...