Chicago, Aug. 1 – Korea Housing Finance Corp. issued $100 million of floating-rate social covered bonds due 2028, according to a pricing supplement.
Interest will be at SOFR plus 100 basis points.
The bonds priced at par.
Nomura Singapore Ltd. managed the sale.
Proceeds will be used to facilitate access to housing finance for low- and middle-income earners in Korea.
The housing finance company is based in Seoul, South Korea.
| Issuer: | Korea Housing Finance Corp.
|
| Amount: | $100 million
|
| Issue: | Social covered bonds
|
| Maturity: | July 28, 2028
|
| Bookrunner: | Nomura Singapore Ltd.
|
| Trustee: | Citicorp International Ltd.
|
| Counsel to issuer: | Kim & Chang
|
| Counsel to underwriters: | Linklaters LLP
|
| Coupon: | SOFR plus 100 bps
|
| Price: | Par
|
| Yield: | SOFR plus 100 bps
|
| Trade date: | July 24
|
| Settlement date: | July 28
|
| Rating: | Moody’s: Aaa
|
| Distribution: | Regulation S
|
| ISIN: | XS2660275327
|
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