KHFC offers spread with social covered bond

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By David Freitas
29 Jun 2020

Korean Housing Finance Corporation (KHFC) has launched its second social covered bond of the year in euros, setting the spread for its deal in the middle of its guidance range.

The Korean issuer launched a €500m five year covered bond in social format at 35bp over mid-swaps.

Lead managers BNP Paribas, DBS Bank, HSBC and ING started the trade with price thoughts in the 37bp area and had enough demand to cover the trade ...

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