Cagamas Bhd Raises RM21.31 Billion in Funding Amidst Market Volatility

Cagamas Bhd, the National Mortgage Corporation of Malaysia, successfully concluded its funding activities for 2024, raising a total of RM21.31 billion. This accomplishment was achieved despite a year marked by significant market volatility, driven by US Federal Reserve policy shifts, geopolitical uncertainties including the US election and Middle East tensions.

This reinforces Cagamas' position as a key player in Malaysia's debt capital market and a vital liquidity provider to the financial system. President/CEO Kameel Abdul Halim stated, 'In a year of uncertainty and heightened market volatility, Cagamas remained committed to providing essential liquidity to the financial system. Securing RM21.31 billion in total funding underscores our strong market position, investor trust, and dedication to supporting Malaysia’s financial stability. As we navigate global challenges, we continue to be agile and responsive to evolving market needs, contributing to the resilience and stability of the financial landscape.' Cagamas advanced its focus on social responsibility in 2024, making significant strides in sustainability. The Company executed its inaugural social repo and issued various sustainability-related bonds and sukuk, supporting inclusive and responsible financing, setting a new benchmark in sustainable finance. These initiatives position Cagamas as a key player in driving Malaysia’s sustainable development agenda, aligned with its commitment to creating lasting societal impact and promoting responsible growth in the financial sector. 'We are grateful for the ongoing support from international investors, which highlights Cagamas’ credibility and resilience in navigating a volatile market environment. This support enabled us to expand access to diverse liquidity sources by raising a total of RM2.59 billion equivalent via multiples issuances of foreign currency.

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