Cagamas Continues Presence in Foreign Currency Market

Kuala Lumpur, 9 September 2022 – Cagamas Berhad (“Cagamas” or “the Company”), the National Mortgage Corporation of Malaysia, announced the successful pricing of its 1- year Singapore Dollar (SGD) 150 million Fixed Rate Euro Medium Term Notes (EMTN). Proceeds from the issuance will be used to fund the purchase of housing loans from the financial system.

President/Chief Executive Officer of Cagamas, Datuk Chung Chee Leong said, “We are pleased with the successful conclusion of the Company’s SGD denominated EMTN issuance for the year, despite continued volatility in the local and global fixed income market. The Company continued to perform its financial intermediation role by providing competitive funding cost to onshore financial institutions via the issuance of foreign currency denominated bonds.”

“Demand for Cagamas’ foreign currency bonds remain resilient across diverse investor profiles as the issuance was fully subscribed by foreign investors which include asset managers, financial institutions and insurance companies. The SGD issuance also marks the Company’s second foreign currency issuance exercise for the year and brings the cumulative SGD denominated issuance to SGD1.97 billion,” added Datuk Chung.

The SGD denominated bond issuance will be fully and unconditionally guaranteed by Cagamas Berhad. The issuance, which will be redeemed at its full nominal value upon maturity, is unsecured obligations of the Company, ranking pari passu with all other existing unsecured obligations of the Company.