Korea's Standard Chartered First Bank (SCFB), ex-Japan Asia's leading mortgage-backed issuer, has completed the region's largest ever cash securitization. SCFB's parent Standard Chartered Bank was sole lead manager on the $1.26 billion-equivalent RMBS, sold via the Korea First Mortgage SPV.

The deal - the seller's sixth cross-border securitization - was backed by 12,156 loans with a weighted LTV of 54.7% and seasoning of 16.1 months.

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