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Cagamas sukuk wakalah bil istithmar more than 4x over-subscribed

Posted on 10 September 2012

Cagamas Berhad (Cagamas), the National Mortgage Corporation, has completed the sale of MYR 500 million multi-tenured Sukuk Wakalah Bil Istithmar (Sukuk Wakalah).
The Cagamas Sukuk Wakalah will be issued in tenures of 1, 2, 3, 4 and 5 years at profit rates of 3.30 per cent, 3.33 per cent, 3.38 per cent, 3.50 per cent and 3.60 per cent respectively or equivalent to between 30 and 33 basis points over comparable Malaysia Government Securities (MGS)………………………………………..Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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