Tag - ABS issuance soars in 2015 on new state loan program

ABS issuance soars in 2015 on new state loan program

The issuance of asset-backed securities (ABS) in South Korea nearly doubled in 2015 from a year earlier on the back of sharp growth in sales of government-led mortgage funds, the financial watchdog said Wednesday. A combined 83 trillion won ($68.1 billion) worth of ABS were issued last year, up 99.8 percent from the previous year’s 41.5 trillion won according to the Financial Supervisory Service. ABSs are derived from underlying assets such as auto loans, home loans, credit card receivables and student [...]

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