Thailand's Government Housing Bank announced plans last week to raise THB30 billion ($731.6 million) by securitizing part of its mortgage portfolio, as part of a THB124 billion program to fund the expansion of its loan business. Aside from the ABS component, Government Housing Bank says it will raise money through a government injection, straight bond issue and from existing loan payments.

The mostly state-owned bank is the biggest player in the local market, with a 38% market share and assets over THB448 billion. The bulk of its business comes from loans extended to low to medium income borrowers.

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