The government of Thailand has mandated a consortium led by HSBC for its proposed HB24 billion ($626 million) securitization program (see ASR 3/14/05), an official at the bank confirmed last week.

HSBC will work with the Government Housing Bank, Thai Military Bank and Bangkok Bank on the plan, which will fund the construction of an office development to house 28 government departments. The ABS paper will be backed by future rentals collected from those departments.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.