More than one year after it was mandated, SG Asia has begun marketing a $60.75 million equipment lease and commercial loan-backed deal originated by Korean French Banking Corp. (Sogeko), a leading South Korean merchant bank partly owned by SG.

The issuer of the notes is a Korean SPC called Sogeko Funding Corporation. A Korean trustee, Chase Manhattan Bank, will issue two series of senior trust certificates which will be held by the International Finance Corp. (IFC) as the official holder of record. The IFC will purchase $20.25 million of certificates for its own account.

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.