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Published on 10/20/2021 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.

New Issue: Korea Housing sells €550 million 0.258% seven-year social bond

Chicago, Oct. 20 – Korea Housing Finance Corp. sold €550 million of 0.258% seven-year social bonds (AAA) at par, according to a regulatory notice.

BNP Paribas, HSBC, ING, Societe Generale and Standard Chartered Bank are the joint bookrunners and joint lead managers, a syndicate source supplied with initial information about the deal.

The Regulation S and Rule 144A bond is backed by Korean residential mortgages.

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

Issuer:Korea Housing Finance Corp.
Issue:Social bonds
Amount:€550 million
Maturity:Oct. 27, 2028
Bookrunners:BNP Paribas, HSBC, ING, Societe Generale and Standard Chartered Bank
Coupon:0.258%
Price:Par
Yield:0.258%
Trade date:Oct. 20
Ratings:S&P: AAA
Distribution:Rule 144A and Regulation S
Marketing:Investor call

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