KUALA LUMPUR: Cagamas Bhd today made a three-month conventional commercial papers issuance of RM350 million, its 18th issuance for the year, the proceeds of which will be used to fund the purchase of mortgages from the financial system.
The issuance was strategically concluded prior to Bank Negara Malaysia’s fifth Monetary Policy Meeting which took place two days after the pricing day, President/Chief Executive Officer Datuk Chung Chee Leong said in a statement.
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