Woori Bank and Shinhan Bank have mandated banks to structure their debut covered bonds, EuroWeek can reveal, as interest in the product continues to grow across Asia. A number of questions still hang over the feasibility of Korean borrowers issuing covered bonds, and the borrowers remain in discussions with the regulator and rating agencies, but bankers are hoping to launch the first Korean covered bond by the end of the year. Visit Euroweek.com/asia – now updated daily – for more, and read EuroWeek on Friday for the full story.
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