Bond Korea Housing Finance Corporation 2.365% ( KR354415GB46 ) in KRW
| Issuer | Korea Housing Finance Corporation | ||||||||||
| Market price | |||||||||||
| Country | Republic of Korea
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| ISIN code |
KR354415GB46 ( in KRW )
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| Interest rate | 2.365% per year ( payment 1 time a year) | ||||||||||
| Maturity | 04/13/2031 | ||||||||||
| Minimal amount | 10 000 KRW | ||||||||||
| Total amount | 210 000 000 000 KRW | ||||||||||
| Next Coupon | 04/13/2027 ( In 169 days ) | ||||||||||
| Detailed description |
The Korea Housing Finance Corporation (KHFC) is a government-sponsored enterprise that provides financial support for housing in South Korea, primarily through mortgage lending and related financial services. An insightful review of the bond identified by ISIN KR354415GB46 highlights a key offering from the Korea Housing Finance Corporation, which is a vital public institution established by the South Korean government under the Korea Housing Finance Corporation Act primarily responsible for stabilizing the nation's housing finance market by providing long-term, fixed-rate mortgage loans (such as the Bogeumjari Loan), facilitating reverse mortgages, offering credit guarantees for housing finance, and securitizing mortgage-backed securities, thereby playing a crucial role in promoting public welfare and financial stability within the country; this specific debt instrument, originating from South Korea and denominated in Korean Won (KRW), currently trades at its par value of 100% in the market, featuring an annual interest rate of 2.365% with a single payment frequency per year, and is structured to reach its maturity on April 13, 2031, carrying a substantial total issue size of KRW 210,000,000,000, with individual participation possible from a minimum purchase size of KRW 10,000, making it an accessible yet significant fixed-income asset for investors seeking exposure to the South Korean financial landscape through a government-affiliated entity. |
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