Japan's most prolific securitizer, Orient Corp. (Orico), recently issued what is thought to be the first domestically placed residential MBS in Japan, in a private deal arranged by DKB Securities, sources in Tokyo said.

The blaze of publicity that would normally accompany such a milestone was absent as the private nature of the deal meant that DKB was unable to comment officially on the deal, beyond confirming that it had taken place, and Orico was also staying tight-lipped.

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