Korea Student Aid Foundation Issues 50 Billion Won in Student Loan Support Bonds... 15-Year Maturity with Floating Interest Rate
The Korea Student Aid Foundation (Chairman Bae Byungil) announced on the 15th that it has issued 50 billion KRW in social value structured bonds to provide low-interest student loans to university and graduate students.
The social value structured bonds are 15-year maturity bonds issued for the purpose of raising funds for student loans to support equal educational opportunities. They were issued as 'floating rate bonds' on the 10th through an interest rate swap transaction.
Considering the domestic and international financial environment, with interest rate cuts expected in the future, the issuance of floating rate structured bonds is anticipated to reduce interest costs.
Going forward, the foundation plans to monitor financial markets, including changes in market interest rates, and pursue additional issuances of social value structured bonds.
Bae Byungil, Chairman of the Korea Student Aid Foundation, said, "Through efforts to secure diverse funding sources, including the issuance of social value structured bonds, we will actively support university and graduate students with low-interest loans for tuition and living expenses."
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