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Cagamas Islamic MBS soars

After scoring a blowout success last October with its M$1.6 billion ($426.5 million) maiden MBS deal (see ASR 10/18/04), hopes were high for the first Islamic MBS by Cagamas, Malaysia's secondary mortgage agency. And the M$2.05 billion deal, arranged and lead managed jointly by Commerce International Merchant Bankers and...

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