Citigroup leads Aeon in landmark securitization deal
Aeon launches Thailand's first ever securitization with subordinated tranches.
Aeon Thana Sinsap has launched ThailandÆs second ever credit card securitisation with a Bt2.28 billion $57 million four-tranche offering via sole lead Citigroup. The deal, issued via Eternal Special Purpose Vehicle, represents AeonÆs second deal and the first from Thailand to use subordinated tranches.
The deal comprises four tranches a triple-A tha rated class A-1 Bt1.5 billion $37 million three year tranche a triple-A tha rated class A-2 Bt500 million $12.3 million five year tranche a double-A tha rated class...
To continue reading, please login or register for free