Published on 12/7/2011 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: South Korea's Hana Bank prices $550 million 4¼% notes due 2017 to yield 4.362%
By Christine Van Dusen
Atlanta, Dec. 7 - South Korea's Hana Bank priced a $550 million issue of 4¼% notes due June 14, 2017 (A1/A/A-) at 99.458 to yield 4.362%, a market source said.
Barclays Capital, Bank of America Merrill Lynch, Citigroup and HSBC were the bookrunners for the Rule 144A and Regulation S deal.
Proceeds will be used for general corporate purposes and refinancing for foreign currency denominated debt.
Hana Bank is a Seoul, South Korea-based lender.
| Issuer: | Hana Bank
|
| Amount: | $550 million
|
| Maturity: | June 14, 2017
|
| Description: | Senior notes
|
| Bookrunners: | Barclays Capital, Bank of America Merrill Lynch, Citigroup, HSBC
|
| Coupon: | 4¼%
|
| Price: | 99.458
|
| Yield: | 4.362%
|
| Trade date: | Dec. 7
|
| Settlement date: | Dec. 14
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A
|
| Fitch: A-
|
| Distribution: | Rule 144A and Regulation S
|
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