Details emerged last week of two offerings being readied in Taiwan. Anshin Card Services, one of the country's largest credit-card issuers and subsidiary of Bank Sinopac, is working on a NT$1 billion ($31.5 million) transaction, while China Development Industrial Bank will shortly launch a NT$5.1 billion CLO.
Anshin appointed Citigroup Global Markets to arrange its deal, to be issued out of Anshin Credit Card Special Purpose Master Trust. Citigroup also structured Anshin's debut securitization, a NT$3.76 billion issue completed in January (see ASR, 1/31/05). A source close to the situation said regulatory approval has just been secured for the latest issue, with completion expected in early September.