Cagamas Concludes Issuances of RM3.3 Billion Worth of Bonds and Sukuk Ahead of Monetary Policy Committee Meeting

Kuala Lumpur, 1 November 2022 – Cagamas Berhad (“Cagamas” or “the Company”), the National Mortgage Corporation of Malaysia, announced the successful pricing of its RM500 million 3-year ASEAN Social Sustainable and Responsible Investment (SRI) Sukuk, RM300 million 3-year ASEAN Social Bonds, RM2.3 billion combined multi-tenured Islamic Medium Term Notes (IMTNs) and 1-year Singapore Dollar (SGD) 65 million (RM218 million equivalent) Fixed Rate Euro Medium Term Notes (EMTN). Proceeds from the issuances will be used to fund the purchase of housing loans, house financing and eligible assets from the financial system.

Cagamas President/Chief Executive Officer, Datuk Chung Chee Leong said “Cagamas continued to conclude the issuances of RM3.3 billion worth of bonds and sukuk from both domestic and international markets despite market expectations of further monetary policies tightening in the upcoming Federal Open Market Committee Meeting (FOMC) and Monetary Policy Committee Meeting (MPC) this week.”

“Demand for Cagamas’ domestic and foreign currency bonds and sukuk remain resilient amid market uncertainties with the continued support by the local and foreign investors which include asset managers, financial institutions, insurance companies as well as statutory bodies,” said Datuk Chung.

“The issuances above bring the Company’s year-to-date issuances from both domestic and international markets to RM16.1 billion. The SGD issuance also marks the company’s fifth foreign currency issuance exercise for the year and brings the year-to-date SGD denominated issuances to SGD615 million,” added Datuk Chung.

The SGD denominated bonds, issued via the Company’s wholly-owned subsidiary, Cagamas Global P.LC. are fully and unconditionally guaranteed by Cagamas while the Ringgit issuances, which 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.