S&P: Shinhan Bank bonds A

Standard & Poor's said it assigned an A rating to Shinhan Bank's proposed dollar-denominated senior unsecured bonds.

The bonds will be drawn down from the bank's $6 billion global medium-term note program.

The proceeds will be used for general corporate purposes.

The notes will constitute direct, unconditional, unsecured and unsubordinated obligations of the bank, S&P said.

They will rank pari passu with all other unsecured and unsubordinated obligations of the bank, the agency said.

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