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FX moves hamper Cagamas’ foreign currency sukuk issuecagamas_logo.jpg

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Volatile currency markets could hamper Malaysian mortgage lender Cagamas Bhd's plans for its first foreign currency sukuk, the state-backed firm's chief executive said. In November, Cagamas set up a US$2.5 billion (RM9.2 billion) programme to issue multi-currency sukuk, or shariah-compliant bonds, in an effort to broaden its investor base and...

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