FinanceAsia has learned that Samsung Life has decided to put plans for its second cross-border mortgage backed securitization MBS on hold. Korea's biggest life insurance company last month short listed Citibank, Deutsche Bank, Lehman Brothers and Merrill Lynch from an original field of nine.
An announcement as to who would be awarded the mandate for a $400 million deal was expected soon after, but it is believed that Samsung has now told the four banks that it will wait until July or August to decide whether to go ahead with the deal. According to one banker, the original shortlist remains valid.
News of the delay has led to some speculation...
