Danaharta hands ABS mandate to Deutsche and Alliance

Deutsche Bank and Alliance Merchant Bank have been selected as lead managers for Malaysia''s Danaharta''s debut ABS.

Danaharta, the Malaysian state-run asset management company AMC, has finally selected its advisers for what should be a high profile securitization scheduled for the second half of this year.

Deutsche Bank and Alliance Merchant Bank have been mandated to structure and lead manage the transaction. Danaharta has the responsibility of cleaning up the country's non-performing loans NPLs.

Deutsche fended off competition from Merrill Lynch and Credit Suisse First Boston to win the international advisory position....

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