Lotte Card $225 million notes issue

Value:

$ 225 million

Status:

Completed

Date:

4/9/2015

Overview:

Lotte Card has issued $225 million in asset backed securities.
Lotte Card entrusted its credit card receivables to Citibank Korea and a special purpose company which acquired beneficial rights to such trust, and in turn, issued Asset-Backed securities (ABS) offshore.

Katrin Kostadinova - Data analyst

Jurisdiction:

South Korea

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

South Korea

Industry sector:

Financial services

Firms:

Kim & Chang

Party: BNP Paribas (Arranger)

Party: Sumitomo Mitsui Banking Corporation (Arranger)

Party: The Bank of Tokyo Mitsubishi (Arranger)

Party: Mizuho Securities (Arranger)

Party: BNP Paribas Securities (Arranger)

Lawyers: Hoin Lee, Ie Hwan Yoo, Yong-Ho Kim

Shin & Kim

Party: Lotte Card (Issuer)

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4/9/2015

Investment grade bond/note issue

Overview:

Jurisdiction:

Deal type:

Practice area:

Governing law:

Industry sector:

Firms:

Related deals

Bank of China dual-currency (HK$4 billion 1.95% and MUP1 billion 1.90%) senior SMEs social bond issue

DBS Group Holdings $1 billion 3.30% perpetual capital securities issue

Agricultural Development Bank of China Rmb1.5 billion 3.40% dim sum bond issue

Menara Investments €1 billion bond programme

Credit Suisse €1.25 billion 0.65% bond issue

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