Housing Finance Corporation Issues 30-Year MBS for the First Time
Public Bidding Scheduled on the 8th for 10 Billion Won Project
[Asia Economy Reporter Park Sun-mi] Korea Housing Finance Corporation (HF Corporation) announced on the 7th that it will issue 30-year maturity mortgage-backed securities (MBS) on the 13th.
This is the first time since its establishment in 2004 that HF Corporation is issuing 30-year maturity MBS.
The 30-year maturity MBS to be issued this time is worth 10 billion KRW. It will be publicly auctioned through the electronic bond bidding system for 20 minutes starting at 10:30 AM on the 8th.
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An HF Corporation official said, “The issuance of 30-year MBS reflects the requests of investors who want ultra-long-term MBS supply,” adding, “If this MBS is absorbed smoothly and the market response is positive, we will actively promote the extension and advancement of housing finance by reflecting the requests of homebuyers who want to reduce monthly repayment burdens through long-term loans.”
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