KAMCO: Korea sells off NPLs

Deals of the year: Tech and telecoms illustrate the ups and downs of 2000 Author: Anja Helk Issuer: Korea Asset Management Corporation (KAMCO) Deal: asset-backed securitization Amount: $367 millionDate: July 2000Lead managers: Deutsche Bank, UBS Warburg         Cutliffe: mostcomplex swaps ever Selling non-performing loans is an achievement, selling Korea corporate credit is […]

Deals of the year: Tech and telecoms illustrate the ups and downs of 2000

Author: Anja Helk

Issuer: Korea Asset Management Corporation (KAMCO)
Deal: asset-backed securitization
Amount: $367 million
Date: July 2000
Lead managers: Deutsche Bank, UBS Warburg





       
Cutliffe: most
complex swaps ever
Selling non-performing loans is an achievement, selling Korea corporate credit is great – but selling NPLs from Korean corporates is easily worth being the structured deal of the year from Asia.

And this is not only the first international transaction from Kamco, the government agency that manages Korea’s non-performing loans.






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