ADM Capital, one of the companies involved on the Koromas Fund deal, the $285 million collateralized bond obligation designed to help Korean small and medium-sized companies access the international capital markets, has strongly disputed claims made on FinanceAsia yesterday that the transaction had hit difficulties.
These claims were listed in a FinanceAsia story yesterday, First Korean cross-border primary CBO gets warm reception. We are retracting the claim having obtained more detailed information from ADM Capital.
ADM Capital worked alongside Tony Yang Investment, TD Securities and the Korean Development Bank to bring the deal to market. The fund had strong government backing as it was sponsored by the Small and Medium Business Administration, a...
