The first mortgage-backed security in India looks to be nearing completion and is set for launch towards the end of July, market pros in India said.

The transaction is backed by assets originated by the Housing Development Finance Corp. and comes via India's governing body for housing finance, the National Housing Bank, , which is leading efforts to foster mortgage-backed securities and a secondary mortgage market.

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.