( Klibor) plus five basis points( bps), or equivalent to 1.99 per cent based on Klibor fixing on the

KUALA LUMPUR: Cagamas Bhd has concluded its first issuance for the fourth quarter comprising RM300mil three-month Islamic commercial papers( ICPs). Proceeds from the issuance will be used to purchase Islamic home financing from the financial system.“ We are pleased with the conclusion of Cagamas’ latest issuance which saw continued buying interest of our short-term papers, despite the global and local fixed income markets coming under pressure from the growing expectations of the asset-tapering

PETALING JAYA: Bank Negara has launch Malaysia Overnight Rate( MYOR) as an alternative reference rate( ARR), providing financial institutions with a wider array of hedging instruments that will support additional risk management strategies. The introduction of ARRs was aimed to facilitate usage of benchmark rates that are more robust and based upon transactions in active, liquid markets.... Bank Negara will conduct periodic reviews of the MYOR to ensure it remains robust and representative of c

KUALA LUMPUR: Cagamas Bhd has announced that its aggregate issuances in 2021 rose 65% year-on-year to RM19. 2bil, which was its highest issuance since 2002.... In the same statement, the national national mortgage corporation also announced the aggregate issuance of RM900mil three-month conventional commercial papers( CCP), proceeds of which will be used to fund the purchase of housing loans from the financial system.... The papers, which will be redeemed at their full nominal value upon matur

Global Forex MarketINVESTORS’ risk appetite in global markets was mixed during the week amid month/ quarter-end flows.... The IHS Markit Eurozone Manufacturing PMI final number jumped to a record high of 63.4 in June from 63.1 in May.... Nonetheless, there were some concerns over the surge in the Delta Covid-19 variant despite the high vaccination rate, further stoking investors’ interest to load up on safety assets....