Asian ABS waking up as StanChart follows auto ABS deal with ¥40bn Korean Air issue
Korean Air Lines sold a rare Asian asset-backed securitisation last week, raising ¥40bn ($478.45m) from a deal that was sold more than 50bp inside where it was underwritten — showing the returning demand for ABS and leading to hopes that Asia’s long sleeping securitisation market is about to reawaken.
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