Korea’s Financial Conduct Authority has supported the covered bond market this year with a series of new measures that aim to stimulate demand and supply. Its actions should promote local currency issuance, building on this year’s strong start.
The euro covered bond market has been consistently supplied by Korea Housing Finance Corporation (KHFC), which this year returned with a €500m five year that provided funding for social causes. The deal benefitted from a triple A rating for the first time and followed KHFC’s debut euro benchmark,
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