Kamco does go

Korean asset management company launches Asia''s first cross-border securitization of non-performing loans.

Korea Asset Management Company Kamco launched a $367 million deal earlier this week on an issue price of par to yield 200bp over Libor. The deal, led by Deutsche Bank and UBS Warburg, has a final maturity of 8.5 years, and an average life of 4.8 years.

Rated at Korea's sovereign Baa2BBBBBB ceiling, the offering is classified as a true sale collateralized loan obligation CLO securitization under the republic's Asset Backed Securities ABS Law enacted in...

To continue reading, please login or register for free

Click for more on: kamco

Print Edition

FinanceAsia Print Edition


  • 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 ...