Cagamas concludes issuance of RM200m Islamic MTNs

Cagamas president/CEO Datuk Chung Chee Leong said: “We are pleased with the successful pricing of this issuance amid stricter measures implemented nationwide for the MCO3.0, following the rise in Covid-19 cases in recent weeks."

KUALA LUMPUR: Cagamas Bhd has concluded its issuance of RM200mil five-year Islamic medium term notes (IMTNs) amid the nationwide Movement Controls Order (MCO) 3.0.

The National Mortgage Corporation of Malaysia said proceeds from the issuance will be used for the company’s working capital purposes.