Commentary & Deal Flow

Launched: 3yr: £500m @ SONIA+51bp - Books £875m+

Guidance: 3yr: SONIA+56a

• Issuer: Korea Housing Finance Corporation
• Ticker: KHFC
• LEI: 9884002AAOBT56QW9B80
• Issuer Ratings: Aa2/AA (Moody's/S&P)
• Exp. Issue Ratings: Aaa/AAA (Moody's/S&P)
• Security Type: Statutory Covered Bond under the KHFC Act (drawdown from KHFC’s US$15bn Global Covered Bond Programme)
• Format: Reg S, Registered form, Category 2
• Size: £500m
• Pricing Date: 9-Jun-26
• Settlement Date: 17-Jun-26 (T+8)
• Maturity: 17-Jun-29, hard bullet
• Coupon: Floating, Compounded Daily SONIA, 5 London Business Days Observation Lag, Quarterly, Act/365 (Fixed)
• Use of Proceeds: The issuer will use an amount equal to the net proceeds from the issue of the Covered Bonds to finance and/or refinance, in whole or in part, new or existing projects meeting the Eligibility Criteria of any of the Eligible Social Project Categories as detailed in the Issuer’s Sustainable Financing Framework dated February 2026 (which is available on the Issuer’s website)
• Denomination: £100k + £1k
• Listing / Governing Law: London Stock Exchange ISM / English Law
• ISIN: XS3397060693
• Timing: Books open, today's business
• Books Subject: 12.45 UKT
• Target Market: Manufacturer target market (EEA MiFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs key information document (KID) or UK PRIIPs KID/CCI product summary has been prepared as not available to retail investors in EEA or the UK.
• Netroadshow Link: www.netroadshow.com/nrs/home/#!/?show=b6d70184
• Sustainable FinancingFramework: https://www.hf.go.kr/en/sub06/sub06_06_02.do
• Joint Bookrunners/Joint Lead Managers: Crédit Agricole CIB, HSBC, Nomura, Standard Chartered Bank(B&D)