KUALA LUMPUR: National mortgage corporation of Malaysia, Cagamas Bhd, is eyeing to issue a mixture of RM11bil worth of bonds and sukuk this year compared with RM5.7bil last year.
Chief executive officer Datuk Chung Chee Leong said the higher projection was due to expectation of better demand from banks for the company's bond and sukuk to comply with the stringent Basel III requirements.
"One of the option (for banks) is to look at Cagamas in terms of providing them capital management, as well as, liquidity management solution," he told reporters in a briefing on the capital market here on Wednesday. - Bernama
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