Japanese bad loan agency lines up NPL securitization

Mitsubishi Trust & Banking Corp. and Morgan Stanley mandated for Y100 billion issue.

Japan's Resolution and Collection Corp. RCC, the government agency set up in 2000 to rid the country's banking system of non-performing loans NPLs, is scheduled to launch its second securitization of distressed assets in October. RCC has selected Mitsubishi Trust Banking Corp. and Morgan Stanley to arrange the deal.

At this stage, little information has emerged about the transaction apart from the lead managers expected timing and that it will be for Y100 billion $834.4 million....

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: japanese | loan | agency | lines | npl | securitization

Print Edition

FinanceAsia Print Edition