Cagamas, the Malaysian National Mortgage Corporation, has announced the issuance of MYR 125 million multi-tenured debt securities comprising Sukuk Commodity Murabahah and Conventional Medium Term Notes (CMTNs) of MYR 90 million and MYR 35 million respectively.
Issued in benchmark 3, 5, 7, 10, 12 and 15-year tenures at respective yields of 3.35 per cent, 3.50 per cent, 3.75 per cent, 3.90 per cent, 4.00 per cent and 4.14 per cent or equivalent to a 31 basis points to 45 basis points range above comparable Malaysia Government Securities (MGS), the debt securities attracted strong demand from a diverse investor base resulting in an oversubscription rate of 2.2 times………………………………………..Full Article: Source