Cagamas concludes RM1.03bil equivalent sukuk issuances

Cagamas Bhd has successfully concluded an aggregate RM1.03 billion equivalent worth of funds raised, comprising RM300 million three-month Islamic Commercial Papers (ICPs) and RM735 million one-year Islamic Medium Term Notes (IMTNs).

In a statement today, its president/chief executive officer, Datuk Chung Chee Leong, said Cagamas’ fund-raising activities has continued to gain momentum with the successful conclusion of the funding exercises in an improved domestic market condition.

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