Shinsei parcels mortgages in Hydra III and sales credits

26 Mar 2004

Shinsei Bank launched a ¥73.5bn securitisation of Japanese residential mortgages on Tuesday, the third from its Hydra series backed by loans Shinsei has bought from third party originators.

The first transaction, launched in March 2003, included a small ¥3bn tranche secured on non-performing and sub-performing ...

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