Thai hire-purchase and vehicle leasing firm Siam Panich Leasing is planning a raid on the domestic ABS market, sources reported. The company will work with parent company Siam Commercial Bank and a foreign firm on a THB5 billion (US$121.3 million) issue backed by auto loans.

It is believed four banks are in the running for the foreign advisory role - Citigroup Global Markets, Deutsche Bank Securities, HSBC Securities and Standard Chartered. All four have previous experience arranging Thai securitizations.

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.