Kamco to advise Chamc on ABS issue

Kamco is one of Asia''s leading securitization issuers. Now the Korean AMC wants to become an arranger as well.

The Korea Asset Management Corporation Kamco will act as special adviser on a proposed asset-backed securities deal for its Chinese counterpart, China Huarong Asset Management Corporation Chamc, the companies announced recently.

The arrangement, which follows Kamco and Chamc signing of an MOU in February, hopes to secure around W150 billion $115.1 million from the issue.

If all goes to plan, Chamc hopes to complete the transaction by November, making it the first ever securitization to come out of...

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