Nomura gets the nod for KEB card deal

Korean credit card company seeks to raise $167 million with second cross-border deal.

KEB Credit Services, one of Korea's largest credit card companies and part of the Korea Exchange Bank Group, has selected Nomura to arrange its next asset-backed securitization. Nomura beat off a bid from Deutsche Bank to win the mandate.

According to a source familiar with the original RFP that KEB sent out in mid-April, the company is looking to do a three year deal backed by a portfolio of around W200 billion $167.1 million in card receivables. The...

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