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 (KSE:16420) and Shin Heung Securities (KSE:01500) 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 stream of primary CBOs will be issued next month Samsung, Shinhan and Hanhwa Securities companies and a few more are negotiating the terms for raises in credit with the Korea...

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