The Industrial Bank of Taiwan IBT, formed in 1999 to support strategic business sectors and accelerate corporate restructuring through the provision of medium and long-term financing, has signed an agreement with SG Asia to get the asset-backed securitization ABS market moving in the Island Republic.
The two parties are also in discussions about a possible collateralized loan obligation CLO deal, using receivables from IBT's loan portfolio. In a CLO deal, the cash flows that go to...