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Issuance of Asset-Backed Securities, Third Quarter 2020

October 30, 2020

The amount of asset-backed securities (ABS) issued in the third quarter of 2020 came in at KRW18.7 trillion in total, up KRW9.1 trillion or 95.4% from the same period a year earlier. The Korea Housing Finance Corporation (KHFC) expanded mortgage-backed securities (MBS) by KRW5.3 trillion from a year ago, which mostly contributed to the growth in the ABS issuance in July-to-September period. Also, financial companies and non-financial companies expanded their issuance by KRW3.2 trillion and KRW0.6 trillion, respectively, from a year ago.