By Wendy Van Sickle
Columbus, Ohio, June 23 – Korea Housing Finance Corp. priced $100 million of 5.222% social covered bonds due June 20, 2026 (Aaa) at par, according to a notice.
ING managed the offering, which was issued under the issuer’s $15 billion global covered bond program.
Proceeds will be used to facilitate access to housing finance for low- and middle-income earners in Korea through a diverse range of mortgage loan products as detailed in the issuer’s sustainable financing framework.
The housing finance company is based in Seoul, South Korea.
| Issuer: | Korea Housing Finance Corp.
|
| Amount: | $100 million
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| Issue: | Social covered bonds
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| Maturity: | June 20, 2026
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| Manager: | ING
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| Coupon: | 5.222%
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| Price: | Par
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| Yield: | 5.222%
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| Announcement date: | June 16
|
| Settlement date: | June 22
|
| Rating: | Moody’s: Aaa
|
| Distribution: | Regulation S
|
| ISIN: | XS2638999461
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