New Issue: South Korea's Hana Bank sells $500 million 4½% notes due 2015 to yield 4.534%

By Christine Van Dusen

Atlanta, April 26 - South Korea's Hana Bank priced $500 million 4½% notes due Oct. 30, 2015 at 99.836 to yield 4.534%, or Treasuries plus 197 basis points, according to a market source.

Bank of America Merrill Lynch, Citi, JPMorgan and RBS were the bookrunners for the Rule 144A and Regulation S deal (A1/A-/A-), which priced below talk of Treasuries plus 205 bps to 215 bps.

The notes are non-callable.

Hana Bank is based in Seoul.

Issuer:	Hana Bank
Amount:	$500 million
Maturity:	Oct. 30, 2015
Description:	Senior unsecured notes
Bookrunners:	Bank of America Merrill Lynch, Citi, JPMorgan, RBS
Coupon:	4½%
Price:	99.836
Yield:	4.534%
Spread:	Treasuries plus 197 bps
Call features:	Non-callable
Trade date:	April 26
Settlement date:	April 30
Ratings:	Moody's: A1
	Standard & Poor's: A-
	Fitch: A-
Distribution:	144A/Regulation S
Price talk:	205 to 215 bps over Treasuries

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