Kuala Lumpur, 27 November 2015

Cagamas Berhad ("Cagamas" or "the Company"), the National Mortgage Corporation of Malaysia, announced its third SGD denominated issuance for the year and the second under Cagamas Global P.L.C.'s USD2.5 billion Conventional Multicurrency Medium Term Notes (EMTN) Programme; the other being the issuance under Cagamas Global Sukuk Berhad's USD2.5 billion Multicurrency Sukuk Programme. The SGD100 million SGD EMTN, with a maturity of 2 years, will be fully and unconditionally guaranteed by Cagamas Berhad.

"The deal was a result of proactive investors' engagement and was successfully priced at a spread of 44 bps over the Singapore Swap Offer Rate. This was more competitive as compared to raising the funds domestically and as such, the Company was able to continue to provide liquidity to financial institutions at a competitive cost," said President/Chief Executive Officer, Mr. Chung Chee Leong.

Demand for Cagamas papers remained strong and included subscriptions from new investors, in addition to the existing investors that prescribed to the Company's previous SGD papers. The papers carry an issue rating of A3 by Moody's, on par with the rating for the Programme.

Being fully and unconditionally guaranteed by Cagamas Berhad, the EMTN will rank pari passu with Cagamas Berhad's existing and future unsecured and unsubordinated obligations. The issuer's principal activity is to carry on the business of a fund raising vehicle.

-Ends-

About Cagamas
Cagamas Berhad (Cagamas), the National Mortgage Corporation of Malaysia, was established in 1986 to promote the broader spread of house ownership and growth of the secondary mortgage market in Malaysia. It issues debt securities to finance the purchase of housing loans from financial institutions and non-financial institutions. The provision of liquidity to financial institutions at a reasonable cost to the primary lenders of housing loans encourages further expansion of financing for houses at an affordable cost.

The Cagamas model is well regarded by the World Bank as the most successful secondary mortgage liquidity facility. Cagamas is the second largest issuer of debt instruments after the Government of Malaysia and the largest issuer of AAA debt securities in the market. Since incorporation in 1986, Cagamas has cumulatively issued RM278.7 billion of conventional bonds and Sukuk.

Cagamas' debt securities continue to be assigned the highest ratings of AAA and P1 by RAM Rating Services Berhad and AAA/AAAID and MARC-1/MARC-1ID by Malaysian Rating Corporation Berhad, denoting its strong credit quality. Cagamas is also well regarded internationally and has been assigned local and foreign currency long-term issuer ratings of A3 by Moody's Investors Service Inc. that are in line with Malaysian sovereign ratings.

Cagamas Berhad
(157931-A)
Level 32, The Gardens North Tower
Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur
Tel : +603 - 2262 1800 I Fax: +603 - 2282 8125 / 9125
www.cagamas.com.my Media Enquiries
Sarah Abdul Aziz
Tel : +603 - 2262 1866
csc@cagamas.com.my

Lucia Wee
Tel : +603 - 2262 1868
csc@cagamas.com.my

© Press Release 2015