Chicago, June 29 – Korea Housing Finance Corp. priced €500 million of 0.01% social covered bond (AAA) due July 7, 2025, according to a market source.
The Rule 144A and Regulation S notes were reoffered at 100.035, at a spread of mid-swaps plus 35 basis points.
Guidance was set at five-year mid-swaps plus 35 bps, plus or minus 1 bp.
Books were in excess of €650 million.
BNP Paribas, DBS Bank Ltd., HSBC and ING are the joint bookrunners and joint lead managers arranging the calls.
The housing finance company is based in Seoul, South Korea.
| Issuer: | Korea Housing Finance Corp.
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| Amount: | €500 million
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| Maturity: | July 7, 2025
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| Securities: | Statutory covered bond
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| Bookrunners: | BNP Paribas, DBS Bank Ltd., HSBC and ING
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| Coupon: | 0.01%
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| Price: | 100.035
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| Yield: | 0.003%
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| Spread: | Mid-swaps plus 35 bps
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| Trade date: | June 29
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| Settlement date: | July 7
|
| Rating: | S&P: AAA
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| Distribution: | Rule 144A and Regulation S
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| Talk: | Initial price talk of mid-swaps plus 35 bps
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