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State Mortgage Firm Sets High Target for Backed Securities.

Asia Africa Intelligence Wire

| February 28, 2005 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Yonhap)

SEOUL, Feb. 28 (Yonhap) -- South Korea's state-run mortgage provider plans to sell mortgage-backed securities (MBS) worth 5 trillion won (US$4.99 billion) this year, its president said Monday.

The figure is up 66 percent from last year's 3.02 trillion won MBS offering, said Chung Hong-shik, who leads the Korea Housing Finance Corp. (KHFC), in a press briefing.

The corporation floated similar securities worth 408 billion won last week, the first such sale this year. …

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