Cagamas Fixed Rate Bonds
These bonds have tenures of 1.5 to 10 years and carry a fixed
coupon rate which is determined at the point of issuance,
based on the tenders submitted by the Principal Dealers.
Interest on these bonds is paid half-yearly. The redemption
of the bonds is at nominal value together with the interest
due on maturity date.
Cagamas Floating Rate Bonds
These instruments have a tenure of up to 10 years and an
adjustable interest rate pegged to the 3-month or 6-month
KLIBOR. The interest rate is reset every 3 or 6 months
while interest is paid at 3 or 6 monthly intervals. They
are redeemed at face value together with the interest due
upon maturity.
Cagamas Notes
These are short-term instruments with maturities between
1 to 12 months issued at a discount from the face value.
The other features of these notes are similar to those
of the Malaysian Treasury Bills. They are redeemable
at their nominal value upon maturity.
Sanadat Mudharabah Cagamas
These are Islamic bonds issued under the Islamic principle
of Mudharabah (profit-sharing) to finance the purchase of
Islamic house financing debts which were granted on the basis of
Bai Bithaman Ajil and the purchase of Islamic hire purchase
debts which were granted under the principle of Ijarah Thumma
Al-Bai. Dividend based on a pre-determined profit sharing
ratio is payable semi-annually. They are redeemable at par
on maturity date unless there is principal diminution. These
instruments may have a tenure of up to 10 years.
Sanadat Cagamas
These are Islamic bonds issued under the Islamic principle
of Bai Bithaman Ajil to finance the purchase of Islamic
house financing debts and Islamic hire purchase debts.
Dividend on these bonds is payable semi-annually. The bonds
are redeemable at par together with the dividend due on
maturity date. These instruments may have a tenure of
up to 10 years.
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