Cagamas returns to bonds after Treasuries tumble

The Malaysian mortgage lender shrugged off market volatility with a $350 million three-year deal.

Cagamas returns to bonds after Treasuries tumble

Cagamas, Malaysia’s national mortgage lender, returned to the overseas bond market for the first time in two years this week, raising $350 million from a three-year bond despite rising nervousness among international investors.

The company, which turned to debt investors after the long Easter weekend, got a decent although not overwhelming response to its bond. The deal generated demand of around $575 million at the peak level, allowing the issuer to increase the size...

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