Malaysia's government-controlled secondary mortgage company, Cagamas, has launched what will be the country's first RMBS and its largest securitization to date. Local firms Aseambankers, Commerce International Merchant Bankers plus international house Standard Chartered are joint leads on the M$1.8 billion ($473 million) transaction.

The deal is set to price on Oct. 13, with closing tentatively scheduled for Oct. 20. Aseam and CIMB are handling the domestic placement, with StanChart in charge of international distribution. This makes it the first ringgit-denominated debt deal offered to foreign buyers, and to that end, StanChart and Cagamas officials will hold roadshows in Singapore and Hong Kong this week.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.