Cagamas kicks off 2021 with bonds, sukuk issuances worth RM710mil

Cagamas' president and chief executive officer Datuk Chung Chee Leong (pic) said the issuances comprised RM300mil Islamic commercial papers (ICPs), RM300mil conventional commercial papers (CCPs), RM55mil one-year conventional medium term notes (CMTNs) and RM55mil three-year CMTNs

KUALA LUMPUR: Cagamas Bhd has launched bonds and sukuk with aggregate issuances of RM710mil to fund the purchase of house financing, housing loans and industrial hire purchases from the financial system.

Its president and chief executive officer Datuk Chung Chee Leong said the issuances comprised RM300mil Islamic commercial papers (ICPs), RM300mil conventional commercial papers (CCPs), RM55mil one-year conventional medium term notes (CMTNs) and RM55mil three-year CMTNs.