Cagamas concludes issuance of RM300m three-month Islamic Commercial Papers

Cagamas Bhd, the national mortgage corporation of Malaysia, announced its issuance of RM300 million three-month Islamic Commercial Papers (ICPs) to fund the purchase of house financing from the financial system.

Cagamas president and chief executive officer Datuk Chung Chee Leong said: “We are pleased with the conclusion of the company’s latest issuance which saw continued buying of our short-term papers on the back of positive news flow from the retainment of Malaysia on the World Government Bond Index (WGBI) Index. This news bodes well for the local fixed income market.”

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