Standard Chartered First Bank (SCFB), the Korean subsidiary of Standard Chartered, is prepping what will be ex-Japan Asia's largest ever cash securitization. According to reliable sources, SCFB is still finalizing the pool size for its sixth cross-border RMBS, but hopes to raise over $1 billion when it goes to market in mid-October.

That would exceed the Hong Kong Government's HK$6 billion ($769 million) securitization of tunnel and toll receivables completed in May 2004 (ASR, 5/10/04).

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