- Issue amount: 402 billion won, weighted average coupon rate: 4.26% On September 23th, KHFC issued KHFC MBS 2004-4 using mortgages from eight participating lenders including Kook-min Bank as underlying assets. The weighted average coupon rate is 4.26% (spread of 60 bp against five-year KTB). Six senior tranches with maturity ranging from three to 20 years and one junior tranche. The coupon rates for tranches with maturities of three, five, 10, and 20 years are 3.65%, 3.89%, 4.34%, and 4.49%, respectively. In preparation for possible prepayment, a call option is attached to tranches with maturities of five years or more. The underlying assets for the MBS are mortgages originated by eight participating lenders (Kookmin Bank, Industrial Bank of Korea, National Agricultural Cooperative Federation, Korea Exchange Bank, Korea First Bank, Hana Bank, Korea Life Insurance, and Samsung Life Insurance). KHFC will hold a ceremony for the MBS issuance in the Deoksu Hall at Seoul Plaza Hotel on September 23th.