Koreans agree on covered bond structure
Korea’s plans to introduce covered bonds to Asia have taken a step forward after three potential issuers settled on a structure that looks likely to win the blessing of the Korean government.
The government has yet to approve the plans of any of the trio of banks looking to issue covered bonds, but it has no problem with the UK-style structure which Kookmin Bank, Woori Bank and Shinhan Bank have all opted for, according to a source in Korea.
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