Malaysia’s Cagamas Concludes MYR 2.8 Billion Sukuk Issuance from Domestic and International Markets 

The National Mortgage Corporation of Malaysia, Cagamas Berhad (Cagamas) has successfully concluded the issuance of MYR 2.8 billion (USD 590 million) Sukuk comprising MYR 500 million (USD 105 million) three-year Asean social sustainable and responsible investment (SRI) Sukuk and MYR 2.3 billion (USD 485 million) combined multi-tenured Islamic Medium-term Notes (IMTNs), as per a statement by the company on the 1st of November 2022.

Why it Matters?

The issuance, from both domestic and international markets, precedes anticipated further tightening of monetary policies by the US Federal Open Market Committee (FOMC) and Bank Negara Malaysia's Monetary Policy Committee (MPC) meetings set to take place this week. According to Cagamas president and Chief Execut...