First Korean cross-border primary CBO gets warm reception

CSFB arranges the fastest ever international ABS term deal from Asia.

Credit Suisse First Boston has closed Korea's first international primary collateralized bond obligation CBO in tandem with two government agencies, the Korea Development Bank KDB and the Korea Technology Credit Guarantee Fund KOTEC.

The $250 million transaction is notable for the speed in which CSFB was able to get it to market. The bank was only mandated in mid-October, so for CSFB to structure and fully place the deal in just over month makes it the fastest international...

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