Kuala Lumpur, 3 July 2024 – Cagamas Berhad (“Cagamas” or “the Company”), the National Mortgage Corporation of Malaysia, announced that it had successfully raised a cumulative total of RM 8.15 billion in the first half of 2024, comprising RM1.64 billion of Islamic Medium Term Notes (IMTN), RM2.08 billion Conventional Medium Term Notes (CMTNs), SGD70 million (RM244.62 million equivalent) Singapore Dollar Medium Term Notes (SGD EMTNs) issued via the Company’s wholly-owned subsidiary, Cagamas Global P.L.C, RM2.38 billion Islamic Commercial Papers (ICPs), RM0.51 billion Conventional Commercial Papers (CCPs), and RM1.3 billion through other sources of funding.
Kameel Abdul Halim, President/Chief Executive Officer of Cagamas, reiterated the Company’s continued commitment to supporting home ownership and the growth of the secondary mortgage market in Malaysia. He said, “Cagamas has demonstrated resilience by providing liquidity to asset-selling institutions, successfully raising RM8.15 billion in the first half of 2024.”
Highlighting Cagamas’ financial intermediary role in the banking sector, Kameel added, “Our effective funding strategy and ongoing investor confidence in the Company have contributed to our healthy performance in the fund raising activities, underscoring the strategic importance of Cagamas within the financial ecosystem.”
The Company’s 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.