The National Housing Bank, India's governing body for housing finance, is preparing another foray into the mortgage-backed securitization market, following a successful pilot issue in August (ASRI 9/10/2000 p.10).

The latest transaction, scheduled to happen at the start of 2001, will also be a test rather than a full-scale deal, but at Rs1.5 billion (U.S.$30 million) will be bigger than the original Rs1 billion issue.

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