News emerged from Taipei last week that Citigroup Global Markets secured its third Taiwanese securitization mandate. The bank will arrange an NT$4 billion (US$137 million) credit card-backed deal for Bank Sinopac's AnShin Card business, which will be the first time Taiwanese credit card assets have been securitized.

In April, Citigroup structured an NT$4.4 billion residential mortgage-backed deal for Taishin International Bank, and is also acting as lead manager on another MBS deal for Chang Hwa Bank, a deal believed to have a targeted launch date in October.

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