Chinatrust Commercial to issue MBS

The bank becomes the latest Taiwanese entity to confirm securitization plans.

Chinatrust Commercial Bank has become the latest Taiwanese bank to confirm plans to securitize, as the country's financial institutions seek to exploit the securitization legislation that was passed in July and August.

FinanceAsia understands six foreign banks have submitted proposals with a decision on who has been awarded the mandate expected before the end of this month. Chinatrust would not confirm the bidders, but given which banks have been sounding out opportunities, likely candidates would include CitibankSSB, CSFB, Deutsche Bank, JPMorgan, Morgan Stanley, Nomura, Standard Chartered and SG.

Although Chinatrust would not commit to a timeframe it would like to get the deal completed by, an official at the...

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