Asset backed securitization ABS professionals at nine foreign investment banks were busy last week putting the final touches to proposals due on Friday for Samsung Life's second international mortgage-backed securitization. Korea's biggest insurance company sent out RFPs last month to a list of institutions that FinanceAsia understands includes BNP Paribas, Citibank, Deutsche Bank, HSBC, ING, Lehman Brothers, Merrill Lynch, Morgan Stanley and Nomura.
According to one banker Samsung Life is looking to raise $400 million from its second MBS.
In December 2002, the company brought to market the first ever cross-border MBS with a $299.6 million deal issued out of Bichumi Global 1, a special purpose...
