The non-performing loan securitization for the Korea Deposit Insurance Corp, which is expected in the market by March or April, may make use of a monoline insurance wrap. The bankers structuring the deal, which could be worth up to $500 million, are talking with monoline firms about a wrap that would take the deal's ratings up to triple-A.

The transaction is being lead managed by Credit Suisse First Boston, Daewoo Securities, Hyundai Securities and SG Asia.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.