S&P rates Shinhan bonds A

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

The bonds will be drawn down from the bank's A$2 billion debt instrument issuance program.

The bonds will constitute direct, unconditional, unsecured, and unsubordinated obligations of the bank. They will rank pari passu with all other unsecured and unsubordinated obligations of the bank.

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