Kuala Lumpur, 8 November 2022 – Cagamas Berhad (“Cagamas” or “the Company”), the National Mortgage Corporation of Malaysia, announced the successful conclusion of its RM2 billion 5-year Conventional Medium Term Notes (CMTNs). Proceeds from the issuance will be used to fund the purchase of housing loans from the domestic financial system.
Cagamas President/ Chief Executive Officer, Datuk Chung Chee Leong said, “We are pleased with the successful conclusion of the RM2 billion CMTNs issuance priced ahead of the rate hike announcement by both Bank Negara Malaysia and the Federal Reserve. The Company priced its issuance at 37 basis points above corresponding Malaysian government securities.”
The issuance marks the Company’s largest single issuance year-to-date and brings the Company’s year-to-date issuances from both domestic and international markets to RM18.1 billion.
The papers will be redeemed at their full nominal value upon maturity, are unsecured obligations of the Company, ranking pari passu with all other existing unsecured obligations of the Company.