Korea seeing fresh CBO issuance

A raft of Korean security houses are keen to issue a new range of collateralized bond obligations, breathing life into the moribund Korean bond market.

Primary collateralized bond obligations CBOs worth W360 billion US$320 million will be issued early next month, bringing the CBO market out of a lull, the Financial Supervisory Service FSS said Wednesday.

Sejong Securities KSE16420 and Shin Heung Securities KSE01500 will submit a securities report to the FSS on Saturday to pursue the issuance.

Some 30 companies that cannot issue corporate bonds on their own due to relatively lower credit ratings will take part.

Meanwhile, a...

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