How much did Cagamas raise from its latest sukuk and IMTN issuance?

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Cagamas Raised RM450 Million from Latest Sukuk and IMTN Issuance

Cagamas Bhd successfully priced a combined issuance of its maiden Asean Sustainability SRI Sukuk and Islamic Medium-Term Notes (IMTN), raising a total of RM450 million. This issuance, which was oversubscribed with orders approaching RM2 billion, demonstrates strong investor confidence in Cagamas' offerings. The funds will be allocated to support Islamic financing for affordable housing and home financing initiatives.
SRI Sukuk and IMTN Component Breakdown

The RM450 million issuance is structured into two parts: a RM100 million three-year Asean Sustainability SRI Sukuk and RM350 million in Islamic Medium-Term Notes (IMTN). These instruments are established under Cagamas' existing RM60 billion IMTN programme and adhere to the Islamic principle of Murabahah.
Allocation of Proceeds

The proceeds generated from the Asean Sustainability SRI Sukuk are specifically earmarked for financing Islamic projects related to affordable housing. Concurrently, the funds from the IMTN portion will be directed towards supporting Islamic home financing activities, aligning with Cagamas' mandate in the housing finance sector.
Strong Investor Demand and Year-to-Date Performance

The issuance garnered significant attention from investors, with the book building exercise, managed by RHB Investment Bank, receiving total orders close to RM2 billion against initial price guidance. This transaction represents Cagamas' 17th issuance exercise for the current year, bringing its year-to-date issuance amount to RM6.68 billion.

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How much did Cagamas raise from its latest sukuk and IMTN issuance?

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