Malaysia's secondary mortgage company Cagamas last week priced its third MBS. It was the issuer's second to use a conventional structure following a similar effort in October 2004 and an Islamic deal this July. AmMerchant Bank and Standard Chartered shared lead manager duties on the M$2.06 billion ($530.8 million) transaction, with ECM Libra the financial advisor.

The deal, backed by a M$2.9 billion pool of civil servant housing loans acquired from the government, was split into seven triple-A rated tranches with maturities stretching from three to 20 years.

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