Monday, April 3, 2017

Forecast 2Q11 special account bonds issued 1.8 trillion won



Issuing bonds to 1.8 trillion won a special account of the [financial newspapers around the lower cervical Korea News] Deposit Insurance Corporation the second quarter.

Weather forecast said that three days gehoek to issue 1.8 trillion won of 'mutual savings bank to adjust the deposit insurance fund structures Special Account receivable (less special account receivables) of the second quarter of this year.

Fund financed by special accounts receivables will be used in full to the special account receivables 2.7 trillion won to repay maturing in May. Repayment of the remaining 900 billion won is planning to self-financed by available resources, such as collecting funds, deposit insurance, including bankruptcy dividend.

Forecasts were from 2011, issued a special account receivable of 23.33 trillion won for large savings bank restructuring support occurred until 2013, bond funds through this additional reimbursement is expected to be reduced to 13.64 trillion won by the end of June.

Forecasts are plans to continue to reduce the debt, etc. collected through the sale of non-performing active savings bank assets for future funding.



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