Bank Sinopac is set to become the latest Taiwanese bank to line up a securitization deal, providing yet more evidence that the country is going to be a hotbed of asset-backed activity in the ex-Japan Asia region.
According to market participants, Sinopac will listen to deal pitches from at least two, but possibly three, foreign investment banks this week. CSFB, Deutsche Bank and Merrill Lynch traditionally Sinopac's house bank are the three foreign houses which have been strongly linked to the mandate, although none would confirm their participation in the bidding phase.
In common with most other first time issuers seeking to exploit Taiwan's securitization legislation passed this summer, Sinopac is looking to...
