Korean Air seeks proposals for ABS

Korean Air Lines is considering raising money in the asset-backed securitisation (ABS) market, and has asked debt bankers to submit proposals by the end of Tuesday.

  • 23 Aug 2010

The company could be the first Korean airline to sell a cross-border ABS since Asiana Airlines raised ¥8.5bn ($99.8m) at the end of June 2009, after sole arranger Deutsche Bank approached investors with a ¥4bn deal in March that year then increased the deal in June.

Funding officials ...

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1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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