null Cagamas concludes pricing of RM1.3b bonds and sukuk ahead of FOMC meeting
Cagamas concludes pricing of RM1.3b bonds and sukuk ahead of FOMC meeting
24 Mar 2022 | Thursday The Malaysian Reserve
Cagamas Bhd announced its pricing of RM1.3 billion equivalent worth of bonds and sukuk.
Proceeds from the issuances will be used to fund the purchase of eligible sustainability assets, housing loans and house financing from the domestic financial system.
In a statement yesterday, Cagamas said the sukuk comprising of RM200 million three-year Asean Sustainability SRI Sukuk (SRI Sukuk), RM330 million two-year Conventional Medium-Term Notes (CMTNs), RM200 million two-year Islamic Conventional Medium-Term Notes (IMTNs), RM300 million three-month Conventional Commercial Papers (CCPs) and S$ 100 million two-year Fixed Rate Euro Medium-Term Notes (EMTNs).
“We are pleased with the successful conclusion of both local and foreign currency issues, amid soft market conditions with most investors staying on the sideline ahead of the US Federal Open Market Committee (FOMC) meeting where a rate hike was broadly anticipated. The Fed (US Federal Reserve) later announced the interest rate increase of 0.25%, its first move in more than three years.