Korean Air launches cargo receivables securitisation

Korean Airlines (KAL) has launched a cross-border securitisation involving all its future yen cargo receivables, the first transaction of its kind in Asia. The deal, arranged jointly by Nikko Citigroup and the Korea Development Bank (KDB), involves the issuance of ¥20 billion ($186 million) of secured floating-rate notes due in 2008 by a special-purpose vehicle incorporated in Ireland called KAL Japan ABS 2 Ireland.

Neil Campbell, partner and head of the Asian securitisation and structured

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here