Polaris launches Taiwan CBO
The $375m equivalent deal consists of seven types of trust certificate
Polaris Securities has closed its first collateralised bond obligation (CBO) transaction in Taiwan worth NTD12.2 billion ($375 million). The deal comprises seven classes of trust certificates issued via a special-purpose trust established under the Financial Asset Securitisation Law. The five most senior classes, all due in 2013, are rated between AAA and BBB by Taiwan Ratings Corporation.
The
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