KUALA LUMPUR: The national mortgage corporation, Cagamas Bhd has concluded its RM200 million one-year floating rate conventional medium-term notes (CMTNs), the first floating rate bonds based on Malaysia overnight rate (MYOR) reference.
MYOR is the new alternative reference rate (ARR) for Malaysia launched by Bank Negara Malaysia (BNM) in September 2021.
In a statement today, Cagamas said the proceeds would be used to fund the purchase of housing loans from the financial system.
"The conclusion of the RM200 million one-year CMTNs at the corresponding MYOR plus 83 basis points brings the company’s year-to-date issuance amount to RM8.7 billion," said president and chief executive officer Datuk Chung Chee Leong.,
,新加坡Telegram群组（www.tg888.vip）是一个Telegram群组分享平台，飞机群组内容包括Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组（其他）、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容，为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
He said the positive conclusion of the issuance reflected the company’s strong commitment to supporting new developments introduced by BNM for the financial markets.
"This latest issuance is also an important step in driving the adoption of new benchmark rates for financial instruments in Malaysia.
"We will continue to work closely with the regulators, industry partners and investors for a smooth transition in relation to ARR," he said.
The issuances -- which will be redeemed at their full nominal value upon maturity -- are unsecured obligations of the company, ranking pari passu with all other existing unsecured obligations of the company. - Bernama