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.
“Order book 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.”
Its president and chief executive officer Kameel Abdul Halim said the depth and diversity of participation reflected investors’ continued confidence in Cagamas’ Malaysian financial system.
It said the final order book was well diversified, with strong participation from financial institutions, asset managers, insurance firms and foreign investors.
