KUALA LUMPUR (Aug 13): Malaysia’s national mortgage corporation Cagamas Bhd said on Wednesday it had raised RM200 million from its first Asean social green sukuk variable rate notes.

Proceeds from the Islamic notes that complies with sustainable and responsible investment principles have been earmarked exclusively for the purchase of affordable home financing that qualifies as eligible sustainability assets, the company said in a statement.

The notes’ tenure, pricing, and other details were not disclosed.

“By integrating Islamic finance principles with social impact through variable-rate structuring, we offer investors a distinctive instrument that combines meaningful purpose with strong performance,” said Cagamas president Kameel Abdul Halim.

The issuance, Cagamas said, supports Malaysia’s social agenda of promoting inclusive and accessible home-ownership and offers an alternative funding solution in line with Cagamas’ sustainability objectives, while expanding its pool of sustainable liquidity sources.

Cagamas is the second largest issuer of debt instruments in Malaysia after the government and the top issuer of AAA-rated corporate bonds and sukuk in the market. As of end-July, the company had raised RM1.5 billion from issuances of sustainability-related instruments.