KHFC closes Asia's third covered bond

Korea Housing Finance Corp prices non-Japan Asia's third covered bond, with a book anchored by US and Asian investors.
<div style="text-align: left;"> KHFC guarantees more than $17 billion of home loans </div>
<div style="text-align: left;"> KHFC guarantees more than $17 billion of home loans </div>
July 20, 2011

Korea Housing Finance Corp (KHFC) beat choppy markets to price a $500 million covered bond early yesterday morning. The deal, which matures in five years and five months, is the third covered bond out of non-Japan Asia and is KHFC’s second deal following its debut issue last year.

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