Cagamas Concludes Pricing Of RM100 Million Dual Tranche Bonds and RM150 Million Asean Social Sri Sukuk Ahead Of Monetary Policy meeting

Kuala Lumpur, 30 June 2022 – Cagamas Berhad (“Cagamas” or “the Company”), the National Mortgage Corporation of Malaysia, announced the successful pricing of its RM50 million 1-year Conventional Medium Term Notes (CMTNs), RM50 million 2-year CMTNs and RM150 million 3-year ASEAN Social SRI Sukuk (SRI Sukuk). The proceeds from the CMTNs and SRI Sukuk will be used to fund the purchase of housing loans and eligible affordable house financing from the financial system.

“As the market continues to weigh between the acceleration of monetary policy tightening, the fear of such actions may increase the probability of a recession. This has contributed to the continued volatility in the fixed income market. Domestic investors, looking for safe harbour in this uncertain period, led to the successful pricing of the Company's issuances,” said Chief Executive Officer, Datuk Chung Chee Leong.

“The pricing of the 1-year and 2-year CMTNs were concluded at 48 basis points (bps) and 49 bps above the corresponding Malaysian Government Securities, while the 3-year SRI Sukuk was concluded at 45 bps above Malaysian Government Investment Issue,” added Datuk Chung.

The issuances 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.