The Korea Asset Management Corp. (Kamco) has mandated arrangers for its next domestic non-performing loan-backed securitization. The agency in charge of cleaning up bad loans from the domestic financial sector has hired LG Securities Co. and Tong Yang Securities Co. for the issue, its second non-performing loan backed deal this year.

Kamco purchased the assets from Korea Development Bank, Hanvit Bank and Cho Hung Bank. The assets are loans originated by the selling banks to domestic listed companies Jinro, Samlip General Foods, and Kukdong Oil & Chemical, domestic steel companies Hanhap and Dongil, and a private shipbuilding concern Dae Dong, all of which are now undergoing corporate restructuring.

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