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RCC to securitize land collateral for sale to investors.

Publication: Japan Weekly Monitor
Publication Date: 04-JUN-01
Format: Online - approximately 210 words
Delivery: Immediate Online Access

Article Excerpt
TOKYO, May 31 Kyodo

The government-backed Resolution and Collection Corp. (RCC) will securitize collateral property in failed banks' bad loans to sell to investors in a bid to recover funds, RCC President Akio Kioi said Thursday.

As a first step, the RCC will securitize a building in central Tokyo...

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