Samsung Card ponders over next ABS

Korean issuer considers fourth international securitization, but pricing concerns could see it choose domestic route.

Samsung Card, Korea's biggest credit card originator with assets of over $5 billion, has still to make a decision on whether to go ahead with its fourth international securitization. The company sent out request for proposals to foreign investment banks at the back end of last year with the usual suspects such as CSFB, Deutsche Bank, ING, JPMorgan, Merrill Lynch, Morgan Stanley, Salomon Smith Barney and UBS Warburg believed to be invited to pitch.

According...

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