Mayer Brown JSM advised HKMC on its second overseas RMBS acquisition
25 August 2008
Mayer Brown JSM 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.