Cagamas to issue Malaysia's largest sukuk this year
Page 1 of 1
Cagamas to issue Malaysia's largest sukuk this year
Cagamas to issue Malaysia's largest sukuk this year |
Business & Markets 2013 |
Written by Reuters |
Monday, 28 October 2013 13:10 |
The company will offer medium-term bonds with tenures of between one to 20 years. The issuance was oversubscribed by 3.2 times during bookbuilding, driving its size to 3.8 billion ringgit from a planned 2.5 billion ringgit.
"The transaction also marks the largest single issuance in the company's 26-year history and brings the total issuance to 273 billion ringgit, including 41 billion of sukuk," chief executive officer Chung Chee Leong said in a statement.
It will issue a second sukuk of 400 million ringgit on Tuesday, with tenures of one and three years.
Cagamas, which provides liquidity to primary lenders of housing loans in order to promote home ownership, is Malaysia's second largest issuer of debt instruments after the government.
($1 = 3.1568 Malaysian ringgit)
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics
» MARC affirms rating on Cagamas MBS RM2.1b sukuk
» Malaysia still largest domestic sukuk issuer
» MMC gets SC nod to issue RM470 million sukuk
» Telekom Malaysia to issue $907.7 million sukuk
» Telekom Malaysia to issue $907.7 million sukuk
» Malaysia still largest domestic sukuk issuer
» MMC gets SC nod to issue RM470 million sukuk
» Telekom Malaysia to issue $907.7 million sukuk
» Telekom Malaysia to issue $907.7 million sukuk
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|