Samsung Life Insurance is gearing up to launch a cross-border RMBS transaction that is sure to make market history in Korea, as the first of its kind to emerge from the country.

Samsung has issued proposals to Credit Suisse First Boston, Lehman Brothers and Morgan Stanley and the investment bank will likely be mandated this week or next, sources say. Given the preliminary stage of the transaction, the specifics, including structure, rating and size remain to be seen.

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