The Public Sector Home Financing Board (LPPSA) has announced its maiden RM25 billion sukuk/bond programmes, comprising Islamic Commercial Papers/Islamic Medium Term Notes (ICP/IMTN) and Conventional Commercial Papers/Medium Term Notes (CP/MTN) Programme.
The three-year programmes, to be issued by LPPSA over several tranches to finance the provision of housing loans to civil servants, will be guaranteed by the government, LPPSA Chairman Tan Sri Dr Mohd Irwan Siregar Abdullah said.
"We expect the first issuance for the programme in July and around RM7 billion to RM10 billion to be issued this year, depending on market acceptance," he told reporters after the launch of the programmes here on Friday.
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The three-year programmes, to be issued by LPPSA over several tranches to finance the provision of housing loans to civil servants, will be guaranteed by the government, LPPSA Chairman Tan Sri Dr Mohd Irwan Siregar Abdullah said.
"We expect the first issuance for the programme in July and around RM7 billion to RM10 billion to be issued this year, depending on market acceptance," he told reporters after the launch of the programmes here on Friday.
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