Taishin closes NT$4.4bn MBS

Taiwanese mortgage lender closes deal just three weeks after first ever MBS.

Wary of over-reliance on their deposit bases, Taiwan's banks are exploring opportunities for diversifying their funding through securitization. After a number of false starts the market is now off to a tentative start with the country's second mortgage-backed deal - a NT$4.39 billion $131 million offer for Taishin International Bank - closing Wednesday.

This second deal comes hot on the heels of First Commercial Bank's market-opening mortgage deal and two other commercial banks are also waiting in...

To continue reading, please login or register for free

Click for more on: taishin | closes | nt44bn | mbs

Print Edition

FinanceAsia Print Edition