Cagamas issues RM300m Islamic commercial papers


Cagamas president and CEO Datuk Chung Chee Leong said there was continued interest in its short-term papers, ahead of Bank Negara’s monetary policy committee meeting last wee

KUALA LUMPUR: Cagamas Bhd issued RM300mil three-month Islamic commercial papers (ICPs) and the proceeds will be used to purchase of syariah-compliant assets.

The National Mortgage Corp of Malaysia said the ICPs will be issued under the Islamic Commodity Murabahah structure.

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