Mayer Brown advised The Hong Kong Mortgage Corporation Limited (HKMC) on its second bilateral overseas RMBS acquisition of approximately US$670 million worth of Korean residential mortgage loans.

The mortgage loans were originated by Shinhan Bank. This transaction is the first cross-border RMBS offering by Shinhan Bank and HKMC's second overseas acquisition of RMBS assets. HSBC and BNP Paribas acted as joint lead managers. The transaction was rated by Moody's.