Samsung Capital sends out RFPs for latest securitization

Six banks in running for $400 million consumer loans ABS.

Samsung Capital, the Korean consumer finance company, sent out requests for proposals earlier this week for its fourth cross-border securitization. Citibank, Credit Suisse First Boston, Deutsche Bank, ING, Merrill Lynch and Salomon Smith Barney have been invited to bid for the mandate, an official at Samsung confirmed yesterday.

The official told FinanceAsia that the company's next deal - like its second - would be backed by unsecured consumer loans. Samsung is looking to raise $400 million from the...

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