UOB signs MOU with Korean Housing Finance Corp

UOB will support KHFC’s bid to expand in Southeast Asia.

UOB has signed a memorandum of understanding (MOU) with the Korean Housing Finance Corporation (KHFC) to help expand the Korean financial company’s footprint across Southeast Asia.
 
UOB’s cooperation with KHFC, a Korean state-owned financial company, covers three main areas: investment banking, environmental, social and governance (ESG) financing and treasury services. 
 
For capital markets and investment banking activities, UOB and KHFC will cooperate in issuing regular bonds and covered bonds. UOB will support KHFC in expanding the investor base for its mortgage-backed securities (MBS) under the bank’s ESG-related financing frameworks.
 
UOB will also provide KHFC with treasury services such as derivatives transactions for hedging foreign exchange risk, and cash management services. 
 
UOB will offer cash management services to KHFC’s Singapore branch office–KHFC’s first overseas venture– for its daily operations and to support the branch in managing capital flows from KHFC’s headquarters in Korea.