Of the 26 private debt securities (PDS) issues approved by the Malaysian Securities Commission (SC) in the first quarter of 2006, 61.5% were for Islamic securities. This total, which excludes issuance by Cagamas, reaches a total approved issuance limit of RM14.9 billion (US$4.1 billion).
The remaining 38.5% were for conventional PDS issues. The number of approved PDS issues in the first quarter increased by about 62.5% on the number of issues approved in the same quarter of last year.
With regard to PDS issues by Cagamas, the SC approved a total of 14 PDS issues amounting to RM3.5 billion (US$961 million) in the first quarter. Eight of these approvals were for the issuance of Islamic securities, while the remaining six approvals were for the issuance of conventional PDS, representing 57.1% and 42.9% respectively. |
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