Two horse race for KEB Card deal

Korean credit card company will announce mandate for next securitization shortly.

KEB Card, one of Korea's largest credit card companies and part of the Korea Exchange Bank Group, is believed to be close to mandating either Deutsche Bank or Nomura for its next asset-backed securitization deal. The two were short listed last week after KEB had initially sent out an RFP in mid-April to a number of banks including BNP Paribas and ING.

Observers say KEB is looking to do a three-year deal backed by a portfolio of...

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