Cagamas raises US$337.2M in Q2 issuance calendar exercise

What's the deal? Cagamas, Malaysia's national mortgage corporation, has secured US$337.2M through its second-quarter issuance calendar exercise. The issuance forms part of the company's regular capital-raising activities to support the country's housing finance market.

The signal: As a mature institution that promotes the broader spread of homeownership and growth of Malaysia's secondary mortgage market, Cagamas' US$337.2M raise underscores sustained investor confidence in Malaysian housing debt. The scale of the Q2 exercise suggests the fixed-income environment remains supportive, even as central banks across Southeast Asia navigate shifting rate expectations.

Read more: zawya.com