Cagamas issues second Islamic residential-backed securities


KUALA LUMPUR: Cagamas MBS Bhd (CMBS) is issuing its second Islamic residential mortgage-backed securities (IRMBS) involving the acquisition of government employees’ Islamic home financing.  

The transaction will involve the issuance of up to RM2.3bil nominal value IRMBS to be backed by 26,000 civil servants’ Islamic home loans.  

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