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Issuance of Asset-Backed Securities, First Quarter 2020

April 29, 2020

The amount of asset-backed securities (ABS) issued between January and March, 2020, came to KRW22.7 trillion in total, up KRW2.6 trillion or 12.9% from three months earlier and also up KRW12.9 trillion or 131.9% from the same period a year ago. The growth was mostly attributable to a greater issuance of mortgage-backed securities (MBS) by the Korea Housing Finance Corporation (KHFC). Compared to a year ago, the KHFC’s MBS issuance increased by KRW13.1 trillion. Meanwhile, financial companies cut their issuance by KRW1 trillion while non-financial peers’ issuance grew KRW0.8 trillion.