“ KHFC Selects Institutions for the Issuance of MBS and MBB ”

The Korea Housing Finance Corporation (KHFC) announced on January 16 that it had selected underwriting institutions, legal advisers, due diligence agencies, and credit rating agencies that would handle the issuance of MBS and MBB this year.

KHFC selected 20 underwriting institutions, including Korea Development Bank, Daewoo Securities, Woori Investment & Securities, Samsung Securities, and Korea Investment & Securities. Two to five of these institutions will be selected as lead managers for each issuance.

Five law firms - Kim & Chang, Baeksang, Sojong Partners, Shin & Kim, and Jipyong Jisung - were selected as legal advisers that will support the issuance of MBS/MBB and the mortgage loan business. Five accounting firms - Daejoo, Nexia Samduk, Samjong KPMG, Deloitte Anjin, and Yeil Accounting - were selected as due diligence agencies. Three credit rating agencies - Nice Investors Services, Korea Ratings, and Korea Investors Service - will take turns handling credit rating affairs required for the issuance of securities.

KHFC issued about KRW 20.28 trillion in securities last year. This year again, it plans to initiate the issuance of securities proactively with supporting institutions and lead the stable development of the long-term bond market and housing finance market.