China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

The truth about Asian investment banking

January 2006

Islamic finance deal of the year: Cagamas IRMBS R$2.05 billion sukuk musharakah

by Kate Luxford


The Cagamas R$2.05 billion ($542.5 million) Islamic residential mortgage backed sukuk (IRMBS) Musharakah, the world’s first rated IRMBS, brought a new asset class to Islamic finance. Cagamas MBS Berhad (CMBS), a single purpose and wholly owned subsidiary of Malaysia’s national mortgage corporation, appointed CIMB, HSBC Amanah, ABN...


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