Japan will see its first domestically-placed public residential mortgage backed security towards the end of April in a deal from Fuji Bank worth 32.9 billion ($313 million). The deal, which is being arranged by Fuji Securities, comes after the first successful residential MBS, which was issued by Sanwa Bank in 1998 and placed internationally, and a recent privately placed, domestic residential mortgage deal from Orient Corp.

The deal will be chopped into seven tranches, the top six rated Aaa by Moody's Investors Service, and the seventh rated A2.

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.