Lehman launches MBS in Thailand

Lehman Brothers has advanced the development of Thailand's securitization market a notch further with the issue of the first publicly rated mortgage backed (MBS) deal from the country. SG Securities was brought in to act as underwriter on the Bt7.17 billion ($177 million) transaction, which is divided into Bt4.67 billion of bonds and a Bt2.5 billion structured loan.