Foreign Currency Securities

Accomplishments of FAST and RENTAS for foreign currency securities:

First CNY Bond Issuance & Depository

Cagamas Global

  • Issuer: Cagamas Global P.L.C.
  • Guarantor: Cagamas Berhad, the National Mortgage Corporation of Malaysia
  • Facility: USD2.5 Billion Multicurrency Medium Term Note Programme
  • Inaugural Issuance: CNH1.5 billion Tiger Emas Bonds (September 2014)
  • Programme & Guarantor Rating: A3 Positive (Moody’s), gA2/Stable (RAM)
  • Issue Rating: A3 Positive (Moody’s)
  • Awards:
    • Best Renminbi (Offshore) Offering for 2014 by FinanceAsia
    • Best Foreign Currency Bond Deal of The Year 2014 in Southeast Asia by Alpha Southeast Asia
    • Market Pioneer Award 2014 for the World’s 1st Renminbi bond by a Mortgage Corporation by RAM Ratings
  • Key Achievements:
    • Seamless Local Onshore Settlement for Offshore RMB bond through RMB Onshore Settlement Institution
    • First RMB bond to be settled via Malaysia’s Real-time Electronic Transfer of Funds and Securities System (RENTAS)
    • World’s first Offshore RMB bond by a mortgage corporation
    • Largest Offshore RMB bond issuance by a Malaysian issuer to-date
    • Largest Offshore RMB bond issuance in Southeast Asia to-date
    • Increased Offshore investors participation in the local settlement system leveraging on RENTAS-Euroclear link

First USD Sukuk Issuance

International Islamic Liquidity Management Corporation

  • Issuer: The International Islamic Liquidity Management Corporation, a supranational institution.
  • Facility:USD3.0 billion Short-term Sukūk Programme, rated A-1 by Standard and Poor's.
  • Inaugural Issuance:26 August 2013 (USD490 million Sukūk)
  • Key Achievements:
    • Expansion of FAST Globally – 10 primary dealers
    • Total USD Sukūk issued and reissued as at end February 2015: USD8.63 billion
    • Leverage on FAST’ unparalleled tendering system

Spearheaded by Bank Negara Malaysia’s direction to develop the Malaysian financial market to becoming an international hub, MyClear is committed to work together with all stakeholders to achieve greater level of globalization of our nation’s debt market.