Credit Suisse First Boston, Daewoo Securities, Hyundai Securities and SG were mandated last November to arrange the $278 million deal, but legal issues relating to KDIC subsidiaries caused delays to a deal initially targeted for launch in March.
A pool of 305 performing leases and loans worth around $470 million back the transaction, issued through the Hanareum International Funding special purpose vehicle. These assets were acquired from 16 failed merchant banks by the issuer in 1999.
The notes, which were placed privately, have triple-A ratings from both Moody's and...
