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S. Korea mulling increasing banks' covered bond sales
SEOUL, July 28 (Yonhap) -- South Korea is considering measures to increase banks' covered bond issuance in a bid to help them raise long-term funds at lower costs, a financial watchdog said Wednesday.
Covered bonds are debt securities whose repayment is backed by high quality assets, including cash flows from mortgages or public sector loans. The debts tend to pay lower yields because of high repayment rates in case the issuer becomes insolvent.
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