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South Korea's Shinhan Bank talks dollar three-year notes at Libor plus 70 bps area; pricing Tuesday
By Christine Van Dusen
Atlanta, April 1 - South Korea's Shinhan Bank set final guidance in the Libor plus 70 basis points area for its dollar-denominated offering of three-year floating-rate notes (expected ratings: A1/A/), a market source said.
BofA Merrill Lynch, BNP Paribas, Credit Agricole, Citigroup, JPMorgan and Standard Chartered Bank are the bookrunners for the Rule 144A and Regulation S deal. Mizuho Securities, Shinhan Asia and Shinhan Investment Corp. are the other lead managers.
The notes are expected to price on Tuesday.
Shinhan Bank is a lender based in Seoul.
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