Malaysia's Cagamas to raise $357m from first set of bonds for 2016

Malaysia’s Cagamas Berhad announced on Thursday its first issuance of the year, comprising 1.52 billion ringgit ($357.4 million) in conventional and Islamic bonds, or sukuk.

Proceeds from the issue, which was increased from an initial 600 million ringgit, will fund the purchases of mortgage loans and Islamic house financing, the state-backed mortgage lender said in a statement.

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