Residential mortgage deal from First Commercial raises NT$4.3bn.

Residential mortgage deal from First Commercial raises NT$4.3bn.

First Commercial Bank has closed Taiwan's first mortgage securitization, raising hopes that a richer pipeline of deals may at last be on the way. Issued through the First Commercial Bank 2003 special purpose trust, the offer will raise a total of NT$4.28 billion $130 million.

The deal, which is arranged by Deutsche Bank, packages together a substantial number of residential mortgages for private sale to qualified investors in three tranches of trust certificates, plus a subordinated...

To continue reading, please login or register for free

Click for more on: residential | mortgage | deal | first | commercial | raises | nt43bn

Print Edition

FinanceAsia Print Edition

CONFERENCES