Wary of over-reliance on their deposit bases, Taiwan's banks are exploring opportunities for diversifying their funding through securitization. After a number of false starts the market is now off to a tentative start with the country's second mortgage-backed deal - a NT$4.39 billion $131 million offer for Taishin International Bank - closing Wednesday.
This second deal comes hot on the heels of First Commercial Bank's market-opening mortgage deal and two other commercial banks are also waiting in the wings with deals of their own. Still, these first deals are largely experimental just a foretaste of what may be to come. They've been fairly small deals so far, says one banker. The banks...
