Yonhap Infomax NewsNov 4
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.

Yonhap Infomax