Samsung Capital completes second ABS deal

Samsung Capital of Korea has just issued a $234 million consumer loan ABS via ING Barings.

Samsung Capital, the Korean consumer finance company, has issued its second securitization of the year in a deal backed by consumer loans. ING Barings was brought in as lead manager for the transaction, as it was in March for the first Samsung offering, a $200 million issue backed by auto loans.

According to market sources, the $234 million transaction pays investors an annual coupon of 5.75%.

Although neither the lead manager or issuer have been willing to make many...

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