For the second time in a matter of months, Sakura Bank, one of Japan's largest city banks, is coming to market with a JPY19.8 billion securitization of residential mortgage loans.

The transaction follows the first transaction RMF-21 that was completed on December 22, 2000 and also comes on the heels of a recent announcement that Sakura Bank will merge with Sumitomo Bank effective April 1, 2001. The new bank will be named Sumitomo Mitsui Banking Corp.

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