After the dearth of supply from the Korean market, the 27 million transaction (US$ 243 million) for Korean Air Lines provided a renewed focus of hope for the market. KAL Japan ABS 1 involved a securitization of Japanese yen-denominated future ticket receivables originated by Korean Air Lines in Japan for flights on the Japan-Korea route. This has been the only Korean deal rated to date, and is Korean Air's first international securitization.

According to Christopher Chau, head of securitization and asset finance, Asia-Pacific at Nomura Securities International, this deal is a first in the Asia Pacific realm because it offers pan-Asian issuers the opportunity to issue yen-denominated bonds, and thereby giving potential issuers access to the Japanese investor market, one of the largest in the world.

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