CSFB gets the nod for KEB securitization

CSFB to handle first international ABS by the Korea Exchange Bank.

Credit Suisse First Boston has been selected as the lead manager for the debut international securitization of the Korea Exchange Bank fending off competition from Nomura and UBS Warburg, according to a source familiar with the deal.

At this stage, the source said, KEB has notified CSFB that it is the 'preferred bidder', and is waiting for the bank to send a mandate letter to formalize the decision.

In early March, KEB, which lists commercial banking, securities investment and international banking among its major activities, invited requests for proposals from Citibank, CSFB, ING Barings, Nomura, SG and UBS.

A fortnight ago that was whittled down to three with CSFB, Nomura and...

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