15 Apr 2025
Cagamas Successfully Raises RM10.7 Billion in 1Q2025
Share:
Kuala Lumpur, 15 April 2025 – Cagamas Berhad ("Cagamas" or "the Company"), the National Mortgage Corporation of Malaysia, is pleased to announce that it has successfully raised a total of RM10.74 billion in funding for the first quarter of 2025 ("1Q2025"), reinforcing its commitment to supporting home ownership and to facilitate the growth of Malaysia's secondary mortgage market.
This marks a significant increase compared to the RM3.1 billion raised in the corresponding period in 2024. The 1Q2025 issuances were supported by robust demands from both local and international investors, showcasing continued confidence in Cagamas' credit profile and its high- quality bonds and sukuk.
Notably, Cagamas was accorded the top sukuk issuer in the 1Q2025 Malaysian sukuk market, raising RM7.73 billion in sukuk issuance, further highlighting the Company's leadership in the Islamic finance space.
The funds raised comprised a diversified mix of instruments, including Islamic and conventional debt securities, of which RM7.85 billion was derived from local currency issuances, RM1.50 billion equivalent from foreign currency issuances, and the remaining RM1.39 billion from other funding sources.
Kameel Abdul Halim, President/Chief Executive Officer of Cagamas, said, "We are extremely pleased with the strong demand for our issuances in 1Q2025. This achievement demonstrates both the resilience of Cagamas and the sustained investor confidence in our funding activities. It also underscores our ongoing role in providing liquidity to Malaysia's mortgage market."
"While global market volatility has intensified following the recent U.S. tariff announcement, Cagamas remains committed to a prudent and agile funding approach, which allows us to navigate volatile conditions effectively. We will continue to monitor global developments closely while maintaining market resilience in supporting the Malaysian housing finance system," added Kameel.
This marks a significant increase compared to the RM3.1 billion raised in the corresponding period in 2024. The 1Q2025 issuances were supported by robust demands from both local and international investors, showcasing continued confidence in Cagamas' credit profile and its high- quality bonds and sukuk.
Notably, Cagamas was accorded the top sukuk issuer in the 1Q2025 Malaysian sukuk market, raising RM7.73 billion in sukuk issuance, further highlighting the Company's leadership in the Islamic finance space.
The funds raised comprised a diversified mix of instruments, including Islamic and conventional debt securities, of which RM7.85 billion was derived from local currency issuances, RM1.50 billion equivalent from foreign currency issuances, and the remaining RM1.39 billion from other funding sources.
Kameel Abdul Halim, President/Chief Executive Officer of Cagamas, said, "We are extremely pleased with the strong demand for our issuances in 1Q2025. This achievement demonstrates both the resilience of Cagamas and the sustained investor confidence in our funding activities. It also underscores our ongoing role in providing liquidity to Malaysia's mortgage market."
"While global market volatility has intensified following the recent U.S. tariff announcement, Cagamas remains committed to a prudent and agile funding approach, which allows us to navigate volatile conditions effectively. We will continue to monitor global developments closely while maintaining market resilience in supporting the Malaysian housing finance system," added Kameel.
Explore More News
