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Thailand launches largest ever securitization for new Government office centre.

Bangkok Bank, HSBC and Thai Military Bank have closed Thailand's first ever future flow securitization with a multi-tranche Bt10.3 billion $250 million deal for the Thai Government. The deal represents the securitization of rental revenue of a future government office centre yet to be constructed in Bangkok.

The AAA Fitch Tris rated deal marks a number of firsts for the Thai securitization market. It is Thailand's first publicly offered securitization the first bond offered to both...

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