KHFC draws heat for selling covered bond before new law

Korea Housing Finance Corp (KHFC) will kick off a covered bond roadshow next week, ahead of a benchmark bond scheduled for later this month. But the planned deal has drawn criticism from some debt bankers, who argue the timing risks damaging the country’s nascent covered bond market, writes Steve Gilmore.

  • 14 Feb 2013
The borrower is the only Korean entity able to issue covered bonds under a statutory framework, but that is about to change. The Korean cabinet approved a covered bond bill in late January, parliamentary approval should follow this month and a law could be approved by September of ...

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