Cagamas Issues Securities Worth MYR 1.045 Billion Including MYR 745 Million in ICPs and IMTNs

The National Mortgage Corporation of Malaysia, also known as Cagamas, has launched aggregate issuances of Sukuk and conventional bonds worth MYR 1.045 billion, according to a company statement released on the 18th of May 2021. The issuances comprise of MYR 345 million Islamic Commercial Papers (ICPs) with a three-month tenure, MYR 300 million three-month Conventional Commercial Papers (CCPs) and MYR 400 million three-year Islamic Medium-Term Notes (IMTNs).

Why it matters?

Proceeds of the issuances will be used to fund the purchase of house financing and housing loans from the financial system. According to Datuk Chung Chee Leong, President and Chief Executive Officer of Cagamas, the latest issuances received encouraging demand from a diverse base o...