ABN Amro secures BNI mandate

Bank Negara Indonesia lines up credit card deal.

As the old saying goes, you wait years for a securitization deal and then two come along at the same time. That seems to be the case in Indonesia at least. Despite the fact there have been no ABS deals since the Asian financial crisis took hold in 1997, the last few months has seen a resurgence of interest among local and foreign banks.

Following the recent discovery that Bank Internasional Indonesia BII has mandated CSFB and AAA Securities to arrange a Rp500 billion $56 million deal backed by credit card receivables, FinanceAsia has learned that Bank Negara Indonesia BNI has hired ABN Amro and Kresna Securities for a securitization of the...

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