StanChart Taiwan to issue market-opening RMBS
The emerging markets-focused bank will soon conduct a residential mortgage-backed security issue through a facility opened previously by Hsinchu International Bank, which it acquired in 2006. The deal could potentially reopen the Taiwanese market for the products.
Standard Chartered Taiwan is plotting a securitisation that could reopen the long dormant Taiwanese residential mortgage-backed securities (RMBS) market.
The local currency deal will come through the facility originally opened by Hsinchu International Bank, which StanChart acquired in 2006, according to people with knowledge of the matter. StanChart
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