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Malaysia’s Cagamas Prices MYR 525 Million Worth of Sukuk 

Malaysia’s Cagamas Prices MYR 525 Million Worth of Sukuk 

https://islamicmarkets.com/articles/malaysia-s-cagamas-prices-myr-525-million-worth-of-sukuk
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The National Mortgage Corporation of Malaysia, Cagamas Berhad (Cagamas), has announced the successful pricing of Sukuk worth MYR 525 million (USD 117.7 million), as per a statement made on the 8th of August 2022.

Why it Matters?

The issuance comprised MYR 25 million (USD 5.6 million) 1-year Islamic Medium-Term Notes (IMTNs), MYR 115 million (USD 25.8 million) 2-year IMTNs, MYR 100 million (USD 22.4 million) 3-year IMTNs, and MYR 285 million (USD 63.9 million) 2-year ASEAN Social SRI Sukuk (Social SRI Sukuk). Proceeds from the offering will go toward paying for the acquisition of certain assets from the financial sector.

Details

The Social SRI Sukuk were priced at 2 Basis Points (bps) lower than the 2-year IMTNs, achi...