KUALA LUMPUR (Oct 5): Cagamas Bhd has concluded its RM1.55 billion combined issuance of three-year tenured conventional and Islamic notes to fund the purchases of mortgage loans and Islamic home financing from the financial system.

They comprise RM800 million three-year conventional medium term notes (CMTNs) and RM750 million three-year Islamic MTNs (IMTNs).

This brings the national mortgage corporation's year-to-date issuance to an aggregate RM12.3 billion comprising RM4.8 billion CMTNs, RM3.8 billion IMTNs, a combined RM3 billion short-term conventional and Islamic commercial papers and RM650 million equivalent in foreign currency denominated bonds.

"Both the CMTNs and IMTNs obtained aggressive bids and successfully secured a competitive weighted average price of 4.09%, representing a spread of 49 basis points against the corresponding three-year Malaysian Government Securities," said Cagamas president and chief executive officer Datuk Chung Chee Leong in a statement.

"The (issuance) was concluded through book building exercises, which drew participation from a diversified group of investors including sovereign wealth funds, financial institutions, insurance companies, asset management companies, as well as foreign asset managers," he added.