Launch Partners

Launch Partners

Cagamas sells Sukuk

MALAYSIA: Cagamas has on the 11th March 2024 issued an Islamic commercial paper worth RM300 million (US$63.98 million) that carries a three-month tenor and a 3.54% coupon rate, according to a Bond and Sukuk Information Exchange filing.

CIMB Investment Bank was the lead arranger. The paper received a ‘MARC-1 IS’ rating from MARC Ratings and a ‘P1’ rating from RAM Ratings.

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