The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Best securitization borrower

Asia: Kamco


Last July the Korean Asset Management Corporation (Kamco) disposed of Korean non-performing loans through an asset-backed securitization (ABS) structure that won awards from most of the leading financial magazines, including Euromoney.


       
Korea is the leading Asian expert on
securitizing NPLs

The $367 million, nine-year notes were three times oversubscribed and incorporated some very complex structures to securitize 135 dollar- and yen-denominated corporate loans. The transaction had been rightly hailed as a milestone for the Korean economy which has to deal with its mounting NPLs.


But the ABS deal has done even more good. By catapulting Kamco into the limelight of ABS expertise, it attracted the interest of other government agencies and led to unprecedented cooperation between them. Last November Kamco hosted the first Non-performing Loan Forum for Asia Pacific issuers in Seoul, where 15 countries from Asia and emerging Europe discussed ways to resolve NPLs and exchanged ideas and experiences.




You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree