By Cristal Cody
Chicago, May 4 – Korea’s Shinhan Financial Group Co. Ltd. sold $500 million of 2 7/8% perpetual sustainability notes at a Treasuries plus 206.4 spread, according to a market source.
The notes, sold on Tuesday, were talked higher in the 3.4% area.
The notes are callable starting on May 12, 2026.
BNP Paribas, Citigroup Global Markets Inc., Credit Suisse, HSBC, Mizuho and Shinhan Investment Corp. are bookrunners for the offering.
The financial holding company is based in Seoul, South Korea.
| Issuer: | Shinhan Financial Group Co. Ltd.
|
| Issue: | Perpetual sustainability notes
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| Amount: | $500 million
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| Maturity: | Perpetual
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| Bookrunners: | BNP Paribas, Citigroup Global Markets Inc., Credit Suisse, HSBC, Mizuho and Shinhan Investment Corp.
|
| Coupon: | 2 7/8%
|
| Spread: | Treasuries plus 206.4 bps
|
| Call features: | Callable after May 12, 2026
|
| Trade date: | May 4
|
| Price talk: | 3.4% area
|
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