Samsung Capital sends out RFPs for latest securitization

Six banks in running for $400 million consumer loans ABS.

Samsung Capital, the Korean consumer finance company, sent out requests for proposals earlier this week for its fourth cross-border securitization. Citibank, Credit Suisse First Boston, Deutsche Bank, ING, Merrill Lynch and Salomon Smith Barney have been invited to bid for the mandate, an official at Samsung confirmed yesterday.

The official told FinanceAsia that the company's next deal - like its second - would be backed by unsecured consumer loans. Samsung is looking to raise $400 million from the issue, scheduled to close by the end of November, the official added.

To date, Samsung Capital has raised $730 million from international securitizations. Its next deal will take it beyond the $1 billion mark and...

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