Samsung Capital, the Korean consumer finance company, sent out requests for proposals earlier this week for its fourth cross-border securitization. Citibank, Credit Suisse First Boston, Deutsche Bank, ING, Merrill Lynch and Salomon Smith Barney have been invited to bid for the mandate, an official at Samsung confirmed yesterday.
The official told FinanceAsia that the company's next deal - like its second - would be backed by unsecured consumer loans. Samsung is looking to raise $400 million from the issue, scheduled to close by the end of November, the official added.
To date, Samsung Capital has raised $730 million from international securitizations. Its next deal will take it beyond the $1 billion mark and...
