Samsung Life puts MBS plans on hold

Korean life insurer delays mandate decision for second international securitization.

FinanceAsia has learned that Samsung Life has decided to put plans for its second cross-border mortgage backed securitization MBS on hold. Korea's biggest life insurance company last month short listed Citibank, Deutsche Bank, Lehman Brothers and Merrill Lynch from an original field of nine.

An announcement as to who would be awarded the mandate for a $400 million deal was expected soon after, but it is believed that Samsung has now told the four banks that it...

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