Investors acquire taste for exotic bond deals

摘要

A string of small securitisation deals is encouraging finance companies in Thailand to take a closer look at this class of bond, though hurdles remain. Securitisations may be mainstream offerings in Europe and North America but they remain an exotic item in most Asian markets. In Thailand - which knows first-hand what can happen when a hiccup turns into a crisis — there is growing interest in securitising future flows to give lenders greater flexibility in capital management. The deals are still small but investors are getting a taste for this new class of bonds.