It is shaping up to be a busy summer for the Asian securitization market, with deals expected from nearly all countries in the region. Issuance has already begun in earnest, as Korea, Taiwan and Thailand have all produced deals in the last two weeks.
Korean consumer finance provider Hyundai Capital, one of the country's most prolific cross border issuers, set the ball rolling with a 300 million ($367.6 million) auto loans deal via Calyon Securities. It was the third euro-denominated ABS out of Korea, following two mortgage deals from Korea First Bank. Calyon has been involved in all three.