Kuala Lumpur, 27 July 2022 – Cagamas Berhad (“Cagamas” or “the Company”), the National Mortgage Corporation of Malaysia, announced the successful pricing of its RM200 million 5-year Conventional Medium Term Notes (CMTNs). Proceeds from the CMTNs will be used to fund the purchase of eligible assets from the financial system.
“We are pleased to announce the successful conclusion of Cagamas’ 17th issuance exercise for the year, which brings the total year-to-date issuances to RM8.9 billion. The issuance, concluded via public offering, attracted keen participation from a diversified group of investors including financial institutions, insurance companies, a statutory body as well as a foreign asset manager which enabled the Company to tighten the pricing to the lower end of the price guidance of 4.18% per annum. This demonstrates the resilience and confidence in the Company’s CMTNs among local and foreign investors,” said President/Chief Executive Officer, Datuk Chung Chee Leong.
“The CMTNs was competitively priced with a spread of 43 basis points above the corresponding Malaysian Government Securities,” added Datuk Chung.
The issuance will be redeemed at their full nominal value upon maturity and are unsecured obligations of the Company, ranking pari passu with all other existing unsecured obligations of the Company.