KHFC prices $500m social bond.

Korea Housing Finance Corp (KHFC) recently priced a $500 million social notes offering in the global bond market. The 3.5-year senior unsecured notes were priced at 58 bps over US Treasuries, yielding 4.942%. The proceeds from the bond issuance will be used to provide housing finance for end users in Korea through various mortgage loan products. The offering received strong demand, with final orders exceeding $1.9 billion from 85 accounts. The bonds are set to be issued on February 27 and are expected to be rated Aa2 by Moody's and AA by S&P. [Extracted from the article]