Cagamas Concludes Issuances for the First Half of 2021 on a Positive Note

Kuala Lumpur, 28 June 2021 – Cagamas Berhad (“Cagamas” or “the Company”), the National Mortgage Corporation of Malaysia, announced its aggregate issuances of RM2.05 billion, comprising three tranches of 2-year Conventional Medium Term Notes (CMTNs) and Islamic Medium Term Notes (IMTNs) with combined issuances worth RM1.5 billion, two tranches of 3-month Conventional Commercial Papers (CCPs) with combined issuances of RM400 million and a 5-year IMTNs worth RM150 million.

Cagamas President/Chief Executive Officer, Datuk Chung Chee Leong said, “With these latest issuances, we are encouraged by the Company’s issuance performance thus far, which registers a total of RM8.15 billion worth of bonds and sukuk. The successful conclusion of the above transactions, despite a challenging market environment, continue to demonstrate investors’ confidence and support for the Company’s issuances.”

“The pricing of these transactions were concluded post-Federal Open Market Committee (FOMC) meeting, which signaled a hawkish tone that resulted in a knee-jerk reaction in the global and domestic fixed income market. The Company took the opportunity to price the above transactions when the market sentiment on concern of an earlier rate hike by the FOMC subsided,” said Datuk Chung.

The papers, which will be redeemed at their full nominal value upon maturity, are unsecured obligations of the Company, ranking pari passu and with all other existing unsecured obligations of the Company. They will be listed and tradable under the Scripless Securities Trading System.