Cagamas produces RM500mil Islamic debt

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“The ICPs were competitively-priced despite increased volatility in the bond market,” he said.

He said the issue will increase Cagamas’ total issuance for the year to RM1.6 million.

Since incorporation in 1986, Cagamas has cumulatively issued RM267.3 billion of conventional and sukuk.

The ICPs, which will be redeemed at their full nominal value on maturity, are unsecured obligations of the company, ranking pari passu among themselves and with all other existing unsecured obligations of the company.

They will be listed and tradable under the Scripless Securities Trading System.

 


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