KEB Hana Bank mandates banks, sets calls for euro, social covered bond due in five years

By Rebecca Melvin

New York, Jan. 13 – South Korea’s KEB Hana Bank has selected banks and scheduled investor calls regarding a planned euro-denominated five-year social covered bond transaction (expected ratings: AAA/AAA), according to a market source.

The Regulation S transaction is backed by Korean residential mortgages.

The joint lead bookrunners and managers are BNP Paribas, Citigroup, Credit Agricole CIB, JPMorgan and Societe Generale.

Fixed-income investor calls were slated to begin on Wednesday, with pricing to follow subject to market conditions.

The lender is based in Seoul.

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