Samsung Card launches largest non-Japan securitization

Korea''s biggest credit card company launches Asia''s biggest securitization.

Samsung Card, the largest credit company in Korea with assets of around $5 billion, has launched the biggest ever non-Japan Asian cross-border securitization. ING Barings acted as sole lead manager on the $500 million deal, which was placed privately according to the bank.

Following its involvement as arranger on two asset-backed securitization ABS deals for Samsung Capital a $200 million offering in March followed by a $234 million deal earlier this month ING Barings is approaching the $1 billion mark...

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