Association of Banks in Malaysia says first time home buyers must recognise the need to make sound decisions of their own affordability based on their financial circumstances.
KUALA LUMPUR: The Public Sector Home Financing Board (LPPSA) has announced its maiden RM25 billion sukuk/bond programmes, comprising Islamic Commercial Papers/Islamic Medium Term Notes (ICP/IMTN) and Conventional Commercial Papers/Medium Term Notes (CP/MTN) Programme.
The three-year programmes, to be issued by LPPSA over several tranches to finance the provision of housing loans to civil servants, will be guaranteed by the government, LPPSA Chairman Tan Sri Dr Mohd Irwan Siregar Abdullah said.
"We expect the first issuance for the programme in July and around RM7 billion to RM10 billion to be issued this year, depending on market acceptance," he told reporters after the launch of the programmes here on Friday.
Four banks have been appointed as the joint lead-arrangers and joint lead-managers for the programmes, namely AmInvestment Bank Bhd, CIMB Investment Bank, Maybank Investment Bank and RHB Investment Bank.
LPPSA has also appointed three other banks as joint lead-managers, namely Affin Hwang Investment Bank, Bank Islam and OCBC Bank. - Bernama
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