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KUALA LUMPUR (Aug 7): Cagamas Bhd is issuing RM410 million worth of conventional and Islamic bonds to raise funds, which will fund its housing loan purchases from the Malaysian financial system.
In a press release today, Cagamas said its one-year RM410 million scheme comprised RM180 million worth of conventional medium term notes and RM230 million Islamic medium term notes.
"Overwhelming response received from investors for the issuance has enabled the company to obtain a very competitive pricing with subscriptions received from various market segments including foreign investors," Cagamas chief executive officer Datuk Chung Chee Leong said in the statement.
According to Cagamas's statement, renewed interest among foreign fixed income investors was due to Bank Negara Malaysia's measures to improve liquidity and trading activity in bond markets. — theedgemarkets.com
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