Korea: non-performing loans securitization

KAMCO''s recent securitization of NPLs is a ground breaking deal. Simmons & Simmons'' Partner, International Finance Group, examines some of the legal issues.

Korea Asset Management Corporation KAMCO recently completed its first international securitization of non-performing loans NPLs. This transaction is one of the few international securitizations to have emerged from Korea. It is the first securitization of non-performing assets by a Korean Government agency. We outline some of the key features of this important transaction, which was arranged by Deutsche Bank and UBS Warburg as joint lead managers. Simmons Simmons...

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