Leading Asian investment banking firm, KDB Daewoo Securities, has signed a US$72 million deal to invest in Emirates’ Boeing 777-300ER aircraft.
It broke the deal for a group of domestic investors and itself.
The company last year successfully closed a $29 million deal for an Airbus 330-300 airplane operated by Finnair; the first for a Korean securities firm.
Relying on a thriving partnership with Dubai-based aircraft leasing and management company – Novus Aviation Capital, the company is looking at closing more aircraft investment deals around the world.
A KDB Daewoo representative said: “Investors’ interest in aircraft deals is rapidly on the rise. Still, the actual number of investment cases in this area is quite limited. With the latest deal as a momentum, we will try to lead the market in the alternative investment area.”
A full-service investment firm, KDB Daewoo, with its financial group affiliates, offers a wide range of investment and financial services such as securities trading and brokerage, underwriting, asset management, and international corporate finance in the Korean market and beyond.
It has a stronghold in the brokerage market and is a viable top IB player globally.
The company’s lenders include institutional investors participating in the securities market, including custodian banks, commercial banks, insurance companies, etc., while its borrowers comprise of trading securities investors, as well as domestic and foreign institutional investors.
KDB Daewoo Securities, Indonesia is currently a leading player in the Indonesian Capital Market.
Source: Business News