Lotte sells securitisation to BNP Paribas conduit

Lotte Card, a Korean credit card company, has privately sold a $300m securitisation to a European asset-backed commercial paper conduit managed by BNP Paribas. Bankers expect more securitisations to follow, but investors may lose out as issuers shun the public market in favour of private deals.

  • 27 Jan 2011

BNP Paribas arranged the deal which Moody’s rated Aa1 — the highest rating that it can give a Korean securitisation — and which was structured as a single tranche.

The deal is backed by 762,161 credit card receivables worth W554bn ($497m). Lotte entered into a parallel currency swap ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%