Japan Housing Finance Agency plans to issue up to ¥165.1 billion of fixed-rate residential mortgage-secured pass-through notes, S&P Global Ratings said June 14.
The notes, which are due July 2053, 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-June. The issuance will close June 27.
As of June 14, US$1 was equivalent to ¥110.35.
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.