Lotte Card raises $200m in rare Asian cross-border ABS
Korean credit card company Lotte Card raised $200m this week from a privately-placed ABS deal that is thought to have been largely bought by one of the arrangers,
Deutsche Bank and Mitsubishi UFJ closed the deal on Tuesday. The pricing on the issue was not disclosed, but rival bankers said it was not attractive enough to entice third-party investors.
The bookrunners had been working on the issue for around three months.Asias cross-border structured finance market is still ...