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Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

Malaysia’s Cagamas announces Sukuk issuance

Posted on 16 July 2012

Cagamas Berhad (Cagamas), the National Mortgage Corporation, has announced the issuance of MYR 500 million ($157 million) one, three and five-year Cagamas Sukuk Wakalah Bil Istithmar (Sukuk Wakalah).
The Cagamas Sukuk Wakalah 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 central bank, Bank Negara Malaysia’s Scripless Securities Trading System………………………………………..Full Article: Source

 
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