Korea Housing Finance Corporation Signs Covered Bond Payment Guarantee Agreement with iM Bank

Supporting the Expansion of Private Long-Term, Fixed-Rate Mortgage Loans

The Korea Housing Finance Corporation announced on December 22 that it had signed a "Covered Bond Payment Guarantee Agreement" with iM Bank at the iM Bank headquarters in Suseong, Daegu, on December 18, to promote the supply of long-term, fixed-rate mortgage loans by commercial banks.

Through this agreement, iM Bank will be able to stably secure funds for mortgage loans by issuing covered bonds, which is expected to enable more financial consumers to access long-term, fixed-rate mortgage loans.

Previously, in July, the corporation signed a covered bond payment guarantee agreement with BNK Busan Bank and Kyongnam Bank, which operate primarily in the Busan and South Gyeongsang regions.

Kim Kyunghwan, President of Korea Housing Finance Corporation, stated, "With this agreement, we have established a foundation to promote long-term, fixed-rate mortgage loans in the Daegu and North Gyeongsang regions, following Busan and South Gyeongsang. The corporation will continue to actively support covered bond issuance in close cooperation with private financial institutions."

Kim Kyunghwan, President of Korea Housing Finance Corporation (right), and Hwang Byungwoo, President of iM Bank, are taking a commemorative photo after signing the agreement. Korea Housing Finance Corporation