Emirates National Securitisation Corporation concludes region's first mortgage securitisation process

Published May 19th, 2005 - 06:35 GMT
Al Bawaba
Al Bawaba

Emirates National Securitisation Corporation (ENSeC) on Wednesday concluded the region's first mortgage securitisation process as it closed a $350 million (Dh1.3 billion) bond issue which attracted $4.2 billion subscriptions,Gulf News reported.

 

While 75 per cent of the subscriptions in terms of value came from American investors, the remaining 25 per cent was raised from the European markets.