The Hong Kong Mortgage Corp. (HKMC) last week prepared to issue two residential mortgage-backed securitizations, attaining a key mission since its inception two years ago.

Plans called for HKMC to launch HK$1 billion (US$129 million) of securities backed by mortgages purchased from Dao Heng Bank. In December, it will launch a second MBS deal worth HK$700 million backed by mortgages purchased from American Express Bank.

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