Malaysia's Bumi-Commerce to securitise car loans


KUALA LUMPUR, Dec 23 (Reuters) - Bumiputra-Commerce Finance Bhd, a unit of Malaysia's Commerce Asset-Holding Bhd , plans to raise 510 million ringgit ($134 million) by securitising its car loans, BasisPoint magazine said in its December 21 issue. The Securities Commission has approved the deal, said to be the first securitisation of consumer assets in Malaysia, with the sale planned for early next year, BasisPoint, a Reuters company, said in its weekly publication. Malaysia has only seen ...

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