One of Korea's most active issuers and largest credit card companies, Samsung Card, has recorded the tightest spreads yet for an unwrapped cross-border ABS deal from the country. The $300 million private placement was arranged by Standard Chartered and issued out of the Frontier SPV.

The notes, rated triple-A by Fitch Ratings and Moody's Investors Service, priced at a razor thin 12 basis points over Libor for an expected average life of 2.5-years.

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.