KUALA LUMPUR: Cagamas Bhd made a three-month conventional commercial papers issuance of RM350mil, 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’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 yesterday.
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