KHFC issues US$500m worth covered bonds

[THE INVESTOR]  The Korea Housing Finance Corp. announced on Oct. 11 that it has issued covered bonds worth US$500 million overseas.

The maturity rate of the securities backed by public sector loans or mortgage is five years at 2 percent interest rate, 0.85 percent higher than the five-year US government bond, the lowest for overseas bonds issued by a public corporation, according to KHFC.

By Hwang You-mee (glamazon@heraldcorp.com)