Korea Housing Finance to price €500 million five-year bonds at mid-swaps plus 40 bps

By Rebecca Melvin

New York, Oct. 24 – Korea Housing Finance Corp. announced final terms for €500 million of covered bonds due Oct. 30, 2023 (expected rating: Aa1) to yield mid-swaps plus 40 basis points, according to a syndicate source on Wednesday.

Pricing was at the tight end of guidance of mid-swaps plus 40 bps to 45 bps and was tighter than initial price talk in the mid-swaps plus 50 bps area.

Orders at the time guidance was released stood at more than €1.5 billion.

BNP Paribas (billing and delivery), DBS Bank Ltd., ING and Societe Generale are joint lead managers for the Rule 144A and Regulation S securities.

The housing finance company is based in Seoul, South Korea.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.