Published: 2009/03/17
MALAYSIAN national mortgage firm Cagamas plans to sell more than RM2 billion of bonds by the end of March, a company source said, reflecting sustained interest in highly-rated debt despite concerns about weakness in property markets.
The issue, with terms ranging from one to 20 years, comprises RM1.25 billion of conventional bonds and RM950 million of Islamic bonds and will be arranged by Maybank Investment and OCBC, a separate financial source said yesterday.
The company source did not confirm the arrangers, but said book running for the issue is ongoing.Cagamas is Malaysia's second biggest debt issuer after the government and carries the highest credit rating "AAA" from local rating agencies. It issues debt and uses funds to buy housing loans from financial institutions, enabling lenders to give out more loans.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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