Kookmin issues first covered in two years

By Bill Thornhill
07 Dec 2018

Kookmin Bank has issued the second Korean covered bond of this year but the first in dollars and its first in more than two years.

The $100m two year Korean deal was issued on December 5 via sole lead manager Overseas Chinese Banking Corporation.

The Korean law covered bonds are secured on Korean residential mortgage bonds and mature in December 2021. They were priced at par and paid a fixed rate return ...

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