Cagamas Concludes Pricing for Securities Worth MYR 945 Million Including MYR 245 Million Sukuk

The National Mortgage Corporation of Malaysia, also known as Cagamas, has launched aggregate issuances of Sukuk and conventional bonds worth MYR 945 million in its second exercise for 2021, according to a company statement released on the 22nd of February 2021.

The issuances comprise of MYR 245 million Islamic Commercial Papers (ICPs) with a three-month tenure, MYR 300 million three-month Conventional Commercial Papers (CCPs) and MYR 400 million one-year Conventional Medium-Term Notes (CMTNs).

Why it matters?

Proceeds of the issuances will be used to fund the purchase of house financing and housing financing from the financial system.

According to Datuk Chung Chee Leong, President and Chief Executive Officer of Cagamas, short-term...