Taiwan banking giant Chinatrust is considering structuring cash and synthetic collateralized debt obligations next year, for which it would partner with international credit houses. An official at the firm in Taipei said the bank is looking at putting together various CDO structures given the strong appetite for the deals, following in the footsteps of other domestic securities houses which have entered the CDO space in the last year.
Taiwan-dollar deals Chinatrust may consider include balance-sheet CDOs as well synthetic or ABS-linked transactions. "We're moving toward this for next year," said the official, noting the firm is currently in talks with global houses, declining to name potential counterparties.
