Asiana has mandated Citigroup to advise on a carbon copy of Korean Air Lines' yen-denominated future flow securitization. The airline is hoping to raise 10 billion $92 million from the bond offer, which is expected to close before the end of the year.
The original deal, handled by Nomura and launched in September, broke new ground for the Korean market despite delays caused by Sars and the Iraq war. Among other things, it was the first yen-denominated ABS from a Korean issuer and the first time that receiveables from the International Air Transport Association had ever been used in a securitization anywhere in the world.
So with all of the hard...
