Nhb Sews Up Mbs Issue Of Canfin Homes

National Housing Bank has completed the third mortgage-backed securitisation issue of CanFin Homes Ltd.

The Rs 64.13 crore issue, which was launched on June 23, 2003 and closed on July 2, 2003, was subscribed by a wide range of institutional investors at a coupon rate of 6.25 per cent per annum.

For the first time, NHB has also subscribed to the issue by picking up 5.45 per cent stake in the deal.

NHB has completed securitisation of 7 pools involving housing loan assets of Rs 500.12 crore. The issue was rated