Cagamas Concludes RM715 Million Worth of Sukuk

Kuala Lumpur, 13 March 2023 – Cagamas Berhad (“Cagamas” or “the Company”), the National Mortgage Corporation of Malaysia, announced the successful conclusion of a combined RM715 million worth of issuances, comprising 1-year Variable Rate Notes (VRNs), 3-year Islamic Medium Term Notes (IMTNs) and 5-year IMTNs. Proceeds from the issuances will be used to fund house financing from the domestic financial system.

“The 3-year and 5-year IMTNs were successfully concluded via book building exercises which allowed the Company to achieve a final book-to-cover ratio of 2.0 times and 5.0 times respectively, with participation from a diversified pool of investors including corporates, insurers, financial institutions and a sovereign fund. The issuances bring the total funds raised for the year to RM2.74 billion,” said President/Chief Executive Officer, Datuk Chung Chee Leong.

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.