
Standard Chartered wraps up Korea Air ticket receivables securitisation deal

Korean Air Lines has completed a ¥40 billion ($479.3 million) securitisation based on ticket receivables, the largest asset-backed security deal in Asia so far this year, according to the deal arranger. Sandard Chartered acted as the sole lead arranger for the deal, with Korea Finance Corp (KoFC) acting as credit facility provider and Korea Development Bank providing interest rate swaps.
The underlying transaction is backed by existing and future passenger ticket bookings on Korean Air flights
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Securitisation
Regulation
What lies beneath: Nomura’s iceberg balance sheet
Collateral received by the Japanese bank exceeds its total on-balance-sheet assets – does it matter?
Receive this by email