Cagamas concludes Malaysia's first floating-rate bonds based on MYOR reference

KUALA LUMPUR: The national mortgage corporation, Cagamas Bhd has concluded its RM200 million one-year floating rate conventional medium-term notes (CMTNs), the first floating rate bonds based on Malaysia overnight rate (MYOR) reference.

MYOR is the new alternative reference rate (ARR) for Malaysia launched by Bank Negara Malaysia (BNM) in September 2021.