New asset class securitized in latest Hanvit deal

ABN Amro lead manages a W280 billion ($216 million) deal backed by documents against acceptance and NPLs.

Hanvit Bank, Korea's largest commercial bank, has hit the asset backed securitization ABS market once again with its tenth domestic deal. ABN Amro acted as lead manager on the W280 billion $216 million transaction.

Issued through the Hanvit-10 ABS special purpose vehicle SPV, the offering is the first Korean ABS to be backed by documents against acceptance. These are short-term revolving credit facilities provided by banks to manufacturing companies, in this case Daewoo Electronics and Saehan Media.

In addition,...

To continue reading, please login or register for free

Click for more on: asset | class | securitized | latest | hanvit | deal

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...