KHFC steals a march with $500 million covered bond

The state-owned mortgage agency exploits an exemption to tap the covered bond market before Korea's regulator launches a standardised framework.

Korea Housing Finance Corporation (KHFC) priced a $500 million covered bond late last night, ahead of new rules that will create a level playing field for would-be issuers.

¬ Haymarket Media Limited. All rights reserved.

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