Cagamas concludes latest issuance

“We are pleased with the conclusion of Cagamas’ latest issuance which saw continued buying interest of our short-term papers, despite the global and local fixed income markets coming under pressure from the growing expectations of the asset-tapering announcement by the US Federal Reserve at its November meeting,” said Cagamas president and CEO Datuk Chung Chee Leong.(pic)

KUALA LUMPUR: Cagamas Bhd has concluded its first issuance for the fourth quarter comprising RM300mil three-month Islamic commercial papers (ICPs).

Proceeds from the issuance will be used to purchase Islamic home financing from the financial system.