Thailand awards massive securitization mandate

The Ministry of Finance formally mandates Bangkok Bank, the Government Savings Bank, TMB and HSBC for the country''s first major government securitization.

The Thai government will formally announce today or tomorrow that it has appointed a group of four banks to lead the Bt24 billion $600 million securitization deal that will finance the construction of a new government office complex.

The four - Bangkok Bank, Government Savings Bank, HSBC and TMB - beat out a field of over 60 other banks who were also bidding for the transaction. The three other main bidding consortia were Deutsche Bank and...

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