Despite President Roh Moo-hyun's impeachment, Korea First Bank (KFB) overcame investor concerns to complete South Korea's first public cross-border securitization since Samsung Life's $299.6 million MBS in December 2002.

UBS Warburg acted as lead manager and sole bookrunner on KFB's $499.6 million MBS transaction, with Lehman Brothers as co-lead.

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