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 China.

Kamco will send its advisory team to Beijing shortly to begin due diligence on which assets should make up the underlying pool, as well as looking at possible structures.

Bankers in the region will...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222