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Mitsubishi Trust sells securitized bad loans.

Yomiuri Shimbun/Daily Yomiuri

| July 30, 2001 | COPYRIGHT 1999 Yomiuri Shimbun. (Hide copyright information)Copyright

Mitsubishi Trust sells securitized bad loans

Yomiuri

Mitsubishi Trust and Banking Corp. recently began selling investors securitized bad loans in small units that are entrusted to it jointly with Goldman Sachs Group, Mitsubishi Trust said.

The government has already decided to sell bad loans by securitizing them through the Resolution and Collection Corporation (RCC). Mitsubishi Trust is the first domestic company to move into this business.

Goldman Sachs will transfer bad loans it purchased from financial institutions totaling more than 100 billion yen in book value to Mitsubishi Trust. Out of the entrusted beneficial interest, Mitsubishi …

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