KHFC Global Covered Bond Programme
| Issuer | Korea Housing Finance Corporation |
|---|---|
| Programme Size | U.S.$15,000,000,000 |
| Ratings | The Covered Bonds issued under the Programme are expected to be assigned an “AAA” rating by S&P and an “Aaa” rating by Moody’s. |
| Bond Trustee | Citicorp International Limited |
| Dealers | BNP Paribas, Citigroup Global Markets Inc., The Hongkong and Shanghai Banking Corporation Limited, ING Bank N.V., Landesbank Baden-Wurttemberg, Natixis, Nomura Singapore Limited, Standard Chartered Bank, UBS AG London Branch and others as ppointed by the Issuer for a specific issue of Covered Bonds. |
| Asset Monitor | Nexia Samduk |
| Issuing and Paying Agent, Paying Agent and Calculation Agent and Transfer Agent | Citibank, N.A., London Branch |
| Participating Banks | (a) Standard Chartered Bank Korea Limited; (b) Shinhan Bank; (c) Woori Bank; (d) KB Kookmin Bank; (e) KEB Hana Bank; and (f) Industrial Bank of Korea. |
| Currencies | Any currency agreed between the Issuer, the Co-Arrangers and the relevant Dealer(s) |
| Cover Pool Assets | The assets included in the Cover Pool are the Mortgage Loans, cash collections derived directly or indirectly from the Mortgage Loans and any investments made with cash collections generated from the Mortgage Loans and which are required to satisfy certain eligibility criteria. |
| The Mortgage Loans | The Mortgage Loans will be purchased by the Issuer from the Participating Banks from time to time, in each case pursuant to the related Loan Purchase Agreements. Each Mortgage Loan is secured by a residential property located in Korea. |
| Governing Law | The Covered Bonds will be governed by, and construed in accordance with, English law, except that Condition 3 (Status of the Covered Bonds) will be governed by, and construed in accordance with, Korean law. The Bank Account Mandate and the Designated FX Account Mandate will be governed by, and construed in accordance with, Korean law. All other Transaction Documents will be governed by, and construed in accordance with, English law. |