HF Supports KB Bank’s Covered Bond Issuance in KRW

- HF, as a cover pool supervisor for the KRW-denominated CB issuance, backs up household debt stabilization policies

Korea Housing Finance Corporation (HF, CEO Lee Jung-Hwan) stated on May 20, 2019, that it participated in the issuance of KRW-denominated covered bonds by KB Bank on the 14th in the capacity of a cover pool supervisor. 

A cover pool supervisor plays a crucial role, on behalf of covered bond investors, to oversee the qualification of underlying mortgage assets and the overall underlying asset management of the issuing bank.

An HF officer said, “Recognizing the public confidence we have earned and the expertise and issuance know-how we have accumulated through our continued annual CB issuance since our issuance of Asia’s first statutory covered bond in 2010, the bank appointed HF, the nation’s only public financial institution specialized in loan securitization, as its cover pool supervisor. Through our role as a cover pool supervisor, we will continue to promote covered bond issuance in the banking sector and contribute to the government’s policy efforts for the stabilization of household debt.”