A South Korean government agency could become the issuer of the biggest securitization ever seen in non-Japan Asia if a deal being discussed between Korean bureaucrats and foreign bankers comes to fruition. The deal, which would be backed by non-performing loans owned by Korea Deposit Insurance Corp., is likely to be worth as much as be W1.9 trillion ($1.7 billion).

The discussions were confirmed by the head of the country's Financial Supervisory Committee, Nam Sang-duck.

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.