Malaysia’s national mortgage company Cagamas issues debut SRI sukuk for affordable housing
Cagamas, the National Mortgage Corporation of Malaysia, has sold its first ASEAN Sustainability SRI Sukuk, a three-year 100 million ringgit issue ($24 million).
Proceeds from the sukuk will be used to fund the purchase of eligible Islamic financing for affordable housing.
Cagamas at the same time issued 350 million ringgit in Islamic medium-term notes, according to a statement dated Oct 22.
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