Cagamas to utilise bonds, sukuk proceeds to fund house financing, loans purchase

National mortgage corporation Cagamas Bhd will utilise the MYR1.045 billion proceeds from bonds and sukuk issuances to fund the purchase of house financing and housing loans from the financial system.

In a statement yesterday, Cagamas announced an aggregate issuance of MYR1.045 billion, comprising MYR345 million three-month Islamic Commercial Papers (ICPs), MYR300 million three-month Conventional Commercial Papers (CCPs), and MYR400 million three-year Islamic Medium Term Notes (IMTN).

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