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Cagamas issuance grows 76 pct to reach 5 bln ringgit in 2012
December 6, 2012 / 4:01 PM / 5 years ago

Cagamas issuance grows 76 pct to reach 5 bln ringgit in 2012

KUALA LUMPUR, Dec 6 (Reuters) - Cagamas Bhd, Malaysia’s second-largest issuer of debt securities, saw total issuance grow 76 percent to 5 billion Malaysian ringgit ($1.64 billion) this year.

The company met its expected total issuance this year after the recent sale of a 1.45 billion Islamic bond, the company said in a statement on Thursday.

Cagamas, which provides liquidity to primary lenders of housing loans in order to promote home ownership, is Malaysia’s largest issuer of AAA-rated debt securities. ($1 = 3.0413 Malaysian ringgit) (Reporting By Al-Zaquan Amer Hamzah; Editing by Kim Coghill)

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