Published on 6/12/2019 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.
New Issue: Korea Housing prices €500 million 0.1% five-year bonds at mid-swaps plus 25 bps
By Rebecca Melvin
New York, June 12 – Korea Housing Finance Corp. priced €500 million of 0.1% five-year social covered bonds (AAA) on Wednesday at 99.965 to yield 0.107%, or a yield spread of mid-swaps plus 25 basis points, according to a market source.
BNP Paribas, DBS Bank Ltd., ING and Societe Generale were joint bookrunners and joint lead managers of the Regulation S and Rule 144A bond.
The housing finance company is based in Seoul, South Korea.
| Issuer: | Korea Housing Finance Corp.
|
| Amount: | €500 million
|
| Maturity: | June 18, 2024
|
| Securities: | Statutory covered bond
|
| Bookrunners: | BNP Paribas, DBS Bank Ltd., ING and Societe Generale
|
| Coupon: | 0.1%
|
| Price: | 99.965
|
| Yield: | 0.107%
|
| Spread: | Mid-swaps plus 25 bps
|
| Trade date: | June 11
|
| Settlement date: | June 18
|
| Rating: | S&P: AAA
|
| Distribution: | Rule 144A and Regulation S
|
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