Korea’s KEB Hana mandates bookrunners for social covered bond

Chicago, April 12 – KEB Hana Bank mandated BNP Paribas, Citigroup, Credit Agricole CIB, HSBC and Societe Generale as joint lead managers for a euro-denominated social covered bond (AAA/AAA), according to information from a market source.

Fixed-income investor meetings for the SME empowerment issue will start on April 17.

The tenor for the new bonds is expected to be three to five years.

Distribution will be via Regulation S only.

The bonds will be backed by Korean residential mortgages.

The bank is based in Seoul, South Korea.

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