Japan Housing Finance Agency plans to issue up to ¥174.9 billion of fixed-rate residential mortgage-secured pass-through notes, S&P Global Ratings said Oct. 15.
The notes will mature November 2053, and are backed by a pool of residential mortgage loans that the company purchased from private-sector financial institutions.
The company will set the exact issue amount in mid-October. The transaction will close Oct. 26.
As of Oct. 12, US$1 was equivalent to ¥112.10.
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