Korea Housing Finance Corporation (KHFC) has issued a USD 200 million digital bond in Hong Kong, using the HSBC Orion permissioned DLT platform. It represents the first digital bond issued by a Korean public entity, given the organization is government sponsored. The two year bond is priced at SOFR +0.39%.
Moody’s gave the issuance a Aa2 rating, which is the same as for other long term foreign currency senior unsecured issuance. The proceeds will go towards financing housing for low and middle income Koreans.
“This issuance is a strategic move to lead the digital financial transformation, going beyond the diversification of financing methods,” a KHFC spokesperson said. “Going forward, the Corporation will continue to innovate to build a digital asset ecosystem, which is one of the national policy tasks.”
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