Published on 3/8/2010 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: South Korea's Shinhan Bank sells $700 million 4 3/8% 5.5-year notes to yield 4.408%
By Christine Van Dusen
Atlanta, March 8 - Shinhan Bank priced $700 million 4 3/8% unsecured senior notes (A2/A-/) due Sept. 15, 2015 at 99.84 to yield 4.408%, or Treasuries plus 205 basis points, according to a market source.
Bank of America Merrill Lynch, BNP, Citi, Deutsche Bank and Morgan Stanley are the bookrunners for the Rule 144A and Regulation S offering.
Shinhan Bank is based in Seoul.
| Issuer: | Shinhan Bank
|
| Amount: | $700 million
|
| Maturity: | Sept. 15, 2015
|
| Description: | Fixed-rate senior unsecured notes
|
| Bookrunners: | Bank of America Merrill Lynch, BNP, Citi, Deutsche Bank, Morgan Stanley
|
| Coupon: | 4 3/8%
|
| Price: | 99.84
|
| Yield: | 4.408%
|
| Spread: | Treasuries plus 205 bps
|
| Trade date: | March 8
|
| Settlement date: | March 15
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A-
|
| Distribution: | Rule 144A/Regulation S
|
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