Samsung Card near to closing latest ABS deal

HSBC working to tie up loose ends on $500 million issue.

Samsung Card, Korea's biggest credit card company with assets in excess of $5 billion, is close to closing its second international securitization, according to a source familiar with the deal. HSBC is acting as sole lead manager on the transaction, which has been given an unofficial closing date of the end of August.

When HSBC was mandated in April, it was rumoured that the deal could be for as much as $750 million, which would have made it the largest...

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