Korea Housing starts calls Friday for euro social covered bonds

Chicago, March 6 – Korea Housing Finance Corp. (Aa2/AA/AA-) will start calls Friday for a new social covered bond offering, according to a source.

The euro-denominated bonds are expected to have a tenor of three to five years.

BNP Paribas, Credit Agricole CIB, Deutsche Bank, ING and Natixis will be the joint bookrunners and joint lead managers.

The bonds will be backed by Korean residential mortgages.

The bonds will constitute a drawdown from the issuer’s global covered bond program.

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

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