Chicago, Feb. 28 – Korea Housing Finance Corp. issued and listed $500 million of 4 7/8% senior social notes due 2027 (Aa2/AA), according to a pricing supplement.
The notes priced at 99.787.
Citigroup Global Markets Inc., HSBC Ltd., J.P. Morgan Securities plc, KB Securities Co., Ltd., Nomura Singapore Ltd. and Standard Chartered Bank are the joint lead managers for the Rule 144A and Regulation S issue.
Proceeds will used to facilitate access to housing finance as detailed in the issuer’s sustainable finance framework from September 2023.
The listing is in Singapore.
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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| Issue: | Senior social notes
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| Maturity: | Aug. 27, 2027
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| Bookrunners: | Citigroup Global Markets Inc., HSBC Ltd., J.P. Morgan Securities plc, KB Securities Co., Ltd., Nomura Singapore Ltd. and Standard Chartered Bank
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| Trustee: | Citicorp International Ltd.
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| Counsel to issuer: | Kim & Chang
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| Counsel to underwriters: | Linklaters LLP
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| Coupon: | 4 7/8%
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| Price: | 99.787
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| Trade date: | Feb. 20
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| Settlement date: | Feb. 27
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| Ratings: | Moody’s: Aa2
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| S&P: AA
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| Distribution: | Rule 144A and Regulation S
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| ISIN: | USY4841M6A22, US50065RAP29
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