Published on 3/22/2017 in the Prospect News Emerging Markets Daily.
New Issue: Shinhan Bank prices $500 million 2 7/8% notes due 2022 at par
By Christine Van Dusen
Atlanta, March 22 – South Korea’s Shinhan Bank priced $500 million notes due 2022 at par to yield 2 7/8% on Tuesday, a market source said.
Credit Agricole, HSBC, JPMorgan, Mizuho Securities, Morgan Stanley, Shinhan Asia and Shinhan Investment Corp. led the Rule 144A and Regulation S transaction.
The lender is based in Seoul.
| Issuer: | Shinhan Bank
|
| Amount: | $500 million
|
| Maturity: | 2022
|
| Description: | Notes
|
| Bookrunners: | Credit Agricole, HSBC, JPMorgan, Mizuho Securities, Morgan Stanley, Shinhan Asia, Shinhan Investment Corp.
|
| Coupon: | 2 7/8%
|
| Price: | Par
|
| Yield: | 2 7/8%
|
| Spread: | Treasuries plus 100 bps
|
| Trade date: | March 21
|
| Distribution: | Rule 144A and Regulation S
|
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