Cagamas prices RM2bil debt notes 30-45 bps above MGS, MGII

Cagamas president/CEO Datuk Chung Chee Leong said the issuances were successfully concluded despite growing caution on the domestic front.

KUALA LUMPUR: Cagamas Bhd’s combined issuances of RM2bil debt notes were priced at 30 bps to 45 bps, above the respective Malaysian Government Securities/ Malaysian Government Investment Issues.

The National Mortgage Corporation of Malaysia had on Thursday announced the issuances comprised of RM700mil three-month conventional commercial papers, RM300mil Islamic commercial papers (ICPs), RM500mil one-year Islamic medium-term notes (IMTNs) and RM500mil one-year conventional MTNs.