Cagamas concludes pricing of RM300mil Islamic commercial papers


Cagamas president and CEO Datuk Chung Chee Leong

KUALA LUMPUR: Cagamas Bhd has concluded its first issuance for the fourth quarter of this year comprising RM300 million three-month Islamic commercial papers (ICPs).

The national mortgage corporation said the ICPs were priced at the corresponding three-month Kuala Lumpur Interbank Offered Rate (Klibor) plus five basis points (bps), or equivalent to 1.99 per cent based on Klibor fixing on the pricing date.

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Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

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Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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