Cagamas Announces S$41.5m Multi-currency Mid-term Notes
KUALA LUMPUR, July 20 (Bernama) — The National Mortgage Corporation, Cagamas Bhd, has issued a S$41.5 million (S$1 = RM3.12) Conventional Multicurrency Medium-Term Notes (EMTN), its third
Singapore-dollar denominated issuance for 2017.
It will be issued under the company’s wholly-owned subsidiary, Cagamas Global P.L.C, under its US$2.5 billion EMTN Programme with a one-year maturity period. The notes will be fully and unconditionally guaranteed by Cagamas.
“The conclusion of the one-year tenured SGD issuance was a result of proactive engagement with investors from Singapore and was competitively priced at 1.53 per cent, representing a spread of 55 basis points above the one-year Singapore Offer Rate (SOR),” Cagamas said in a statement today…..