Korea First Bank is hitting the market for the third time this year with what will be the largest securitization ever from non-Japan Asia, as BNP Paribas, Calyon and Royal Bank of Scotland are joint arrangers on the 550 million ($717.5 million) MBS, with Calyon also providing the swap to mitigate currency and interest rate mismatches.

Following roadshows at the major European centers, books opened last week, the same day the leads began Asian roadshows in Hong Kong, Singapore and Tokyo. Pricing is due this Monday; according to a banker involved in the deal, adding he believed it would be the tightest pricing for a public cross-border issue from Korea to date.

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