State housing firm issues 463 bln won in MBS

SEOUL, Dec. 23 (Yonhap) -- South Korea's housing finance agency said Wednesday it
has issued 463.3 billion won (US$392 million) worth of mortgage-backed securities
(MBS).

The debt obligation issued by Korea Housing Finance Corp. was based on mortgage
loans extended by top life-insurer Samsung Life Insurance Co. and will be sold
back to Samsung, the state-run company said.
The latest issuance is the fifth securitization of mortgage loans by Korea
Housing Finance this year, which has sold 10.9 trillion won worth of such
securities to date.
yerankim@yna.co.kr
(END)

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