29.04.2010 - Cagamas prints $156mln sukuk
From Ifrasia.com: Malaysiaís national mortgage corporation Cagamas issued a US$156m five-year Islamic deal yesterday (April 27). A statement from the borrower said the notes were unsecured obligations and will rank pari passu with other existing unsecured obligations of the company. The bonds were priced at 4.35% via lead manager AmInvestment Bank. Ram and Marc have given respective ratings of AAA to the notes to reflect Cagamasís state-owned status, as well as its strategic importance in keeping public housing affordable. The company had raised M$380m of Islamic MTNs in one- to three-year tenors in late February this year........................................Full Article: Source
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