Taishin closes NT$4.4bn MBS

Taiwanese mortgage lender closes deal just three weeks after first ever MBS.

Wary of over-reliance on their deposit bases, Taiwan's banks are exploring opportunities for diversifying their funding through securitization. After a number of false starts the market is now off to a tentative start with the country's second mortgage-backed deal - a NT$4.39 billion ($131 million) offer for Taishin International Bank - closing Wednesday.

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