PETALING JAYA: Cagamas Bhd has raised RM1.41bil in the second quarter, supported by strong investor confidence in its credit profile and ability to navigate shifting market conditions.
In a statement, the national mortgage corporation said the transaction was significantly upsized from an initial combined target size of RM500mil.
“Orderbook momentum peaked at 6.23 times oversubscription, before closing at a healthy 2.21 times, demonstrating depth and resilience of demand even after substantial upsizing.”
Cagamas president and chief executive officer Kameel Abdul Halim said the depth and diversity of participation reflected investors’ continued confidence in Cagamas’ Malaysian financial system.
“Importantly, this successful issuance enhances our capacity to credit strength, disciplined funding approach and our role as a steadfast liquidity provider to provide sustained liquidity to financial institutions, supporting the growth of the secondary mortgage market and contributing to Cagamas’ broader mission of promoting sustainable home ownership accessibility for Malaysians.”
Cagamas said the final orderbook was well diversified, with strong participation from financial institutions, asset managers, insurance companies and foreign investors, reinforcing its standing as a high quality and reliable benchmark issuer in the Malaysian capital market.
