Chinatrust's RMBS comes in from the cold

Lehman Brothers finally closes Chinatrust''s debut mortgage securitization.

Chinatrust Commercial Bank has finally launched its NT$5 billion $146 million mortgage securitization, 10 months after becoming the first to win regulatory approval. Since then two other residential mortgage-backed deals have closed while Chinatrust has sat on the sidelines.

But Chinatrust's deal, according to Patrick Kaye at arrangers Lehman Brothers, is a more significant transaction than the two earlier deals, from First Commercial and Taishin International, respectively arranged by Deutsche Bank and Citigroup. Both offered...

To continue reading, please login or register for free

Click for more on: chinatrusts | rmbs | comes | cold

Print Edition

FinanceAsia Print Edition

CONFERENCES