HSBC hails taxi ABS

Bank tipped to self-manage synthetic HK$3 billion deal backed by taxi and public light bus loans.

According to rumours doing the rounds among Asian ABS bankers, HSBC will soon launch Asia's first ever securitization backed by taxi and public light bus loan receivables. FinanceAsia has heard from numerous sources that the bank will self-manage a HK$3 billion $384.7 million five-year deal that is likely to close within the next month.

It is understood that the deal was originally set for launch in February or March but got delayed due to the outbreak...

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