Cagamas launches Asias first Islamic RMBS

Cagamas securitizes government''s Islamic home financing.
July 29, 2005

Malaysia's state mortgage company, Cagamas, has launched Asia's first rated Islamic residential mortgage-backed security (RMBS) with a six-tranche M$2.05 billion deal via lead managers HSBC, ABN AMRO, AmMerchant Bank and CIMB.

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