BUSINESS

Cagamas concludes RM2 bln conventional medium term notes issuance

08/11/2022 04:06 PM

KUALA LUMPUR, Nov 8 (Bernama) -- Cagamas Bhd has concluded the issuance of its RM2 billion five-year conventional medium term notes (CMTNs), bringing its year-to-date issuances from both domestic and international markets to RM18.1 billion.

In a statement today, the national mortgage corporation said the issuance also marked the company’s largest single issuance year-to-date.

“Proceeds from the issuance will be used to fund the purchase of housing loans from the domestic financial system,” it said.

President and chief executive officer Datuk Chung Chee Leong said the company priced its issuance at 37 basis points above corresponding Malaysian government securities.

According to Cagamas, the papers will be redeemed at their full nominal value upon maturity and are unsecured obligations of the company, ranking pari passu with all other existing unsecured obligations of the company.

-- BERNAMA

 

 


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