Singapore property company DBS Land was forced to retain all the junior tranches of the three quasi-securitizations that it closed last year, after deciding it would be unable to place them in the market, company officials told reporters in Singapore.

The three unrated deals, which each parceled revenues from a different office building, were together worth a total of S$1.3 billion (US$760million). However, DBS Land ended up holding the junior tranches totaling up to S$500 million.

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