Dubai sees first two securitizations: Tamweel and HSBC

19 Jul 2007

Dubai’s first two true securitisations were priced this week amid turbulent market conditions.

First to be priced was housing finance provider Tamweel’s $220m securitisation of Sharia compliant mortgages, brought by Morgan Stanley and Standard Chartered, followed by an office block CMBS from HSBC.

Pricing on both deals ...

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