Authorities to Unblock Fixed-Rate Mortgage Market—Incentive Plan for Long-Term Fixed-Rate Home Loans to Be Announced Soon
South Korea’s financial regulators are set to announce incentives to boost long-term fixed-rate mortgages, aiming to reduce rate risk for borrowers and reshape the home loan market.
Banks Postpone Covered Bond Issuance to Next Year Amid Margin Concerns Versus Bank Bonds
South Korean banks are postponing covered bond issuances to next year due to concerns over negative margins compared to bank bonds, as rising rates and low demand weigh on the market.
BNK Kyongnam Bank became the first regional lender in South Korea to issue a covered bond, raising 150 billion won ($110 million) at a 3.04% yield, with the AAA-rated bond expected to lower funding costs and support long-term mortgage lending.
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BNK Kyongnam Bank Issues First Covered Bond Among Regional Banks—Yield Set at 3.04%
BNK Kyongnam Bank became the first regional lender in South Korea to issue a covered bond, raising 150 billion won ($110 million) at a 3.04% yield, with the AAA-rated bond expected to lower funding costs and support long-term mortgage lending.
South Korean banks are accelerating won-denominated covered bond issuance to meet rising demand for long-term fixed-rate mortgages and regulatory targets following the ‘10·15’ real estate measures, with NH NongHyup Bank and BNK Busan Bank planning new offerings by year-end.
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Banks’ Demand for Covered Bond Issuance Set to Rise Following ‘10·15’ Measures
South Korean banks are accelerating won-denominated covered bond issuance to meet rising demand for long-term fixed-rate mortgages and regulatory targets following the ‘10·15’ real estate measures, with NH NongHyup Bank and BNK Busan Bank planning new offerings by year-end.
This Time, the UK—Korea Housing Finance Corporation Succeeds in £300 Million Covered Bond Debut
Korea Housing Finance Corporation successfully issued its first £300 million covered bond in the UK, attracting strong investor demand and expanding its global funding base.
Korea Housing Finance Corporation successfully issued €500 million in covered bonds with a negative new issue premium, signaling renewed momentum in the Korean Paper market and narrowing the yield gap with global peers.
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Korea Housing Finance Corporation successfully issued €500 million in covered bonds with a negative new issue premium, signaling renewed momentum in the Korean Paper market and narrowing the yield gap with global peers.
Capital Flows Shift to Euro as Dollar Weakens—Korean Paper Issuers Turn to Europe
Euro bond markets are booming as a weak dollar prompts European investors to shift funds, with Korean issuers like KDB and HCA joining the trend and covered bond spreads narrowing amid ample liquidity.
BNP Paribas' Standing in Korean Paper DCM Wavers—Misses Out Even on Covered Bond Mandates
BNP Paribas, once a leader in South Korea's euro covered bond market, has lost key mandates and slipped in league tables amid staff departures, raising concerns over its DCM presence.
BNK Busan Bank and Korea Housing Finance Corporation (HF) signed an MOU for covered bond payment guarantees, aiming to strengthen the sustainability of regional housing finance by expanding stable, long-term funding channels and supporting local economic growth.
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BNK Busan Bank, HF Ink Covered Bond Guarantee MOU—Aiming to Enhance Sustainability of Regional Housing Finance
BNK Busan Bank and Korea Housing Finance Corporation (HF) signed an MOU for covered bond payment guarantees, aiming to strengthen the sustainability of regional housing finance by expanding stable, long-term funding channels and supporting local economic growth.
Banks Postpone Covered Bond Issuance Plans to Year-End Amid Focus on Supplementary Budget
South Korean banks are postponing covered bond issuances to year-end, citing interest rate uncertainty and awaiting clarity on the supplementary budget and Bank of Korea policy direction.
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