Japan Housing Finance Agency is expected to issue up to ¥184.4 billion of fixed-rate residential mortgage-secured pass-through notes, S&P Global Ratings said March 14.
The notes are due April 2054 and will be backed by a pool of residential mortgage loans that Japan Housing Finance purchased from private-sector financial institutions.
The transaction's closing date will be March 28.
As of March 13, US$1 was equivalent to ¥111.22.
This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings. The original S&P Global Ratings documents referred to in this news brief can be found here.