Shinhan Financial Investment Opens Mobile Trading System for Short-Term Bonds

[Asia Economy Reporter Minji Lee] Shinhan Financial Investment announced on the 15th that it has opened a system that allows trading of short-term bonds via mobile. Customers can easily and conveniently purchase short-term bonds through the Shinhan Alpha app without needing to visit a branch.

Short-term bonds are bonds mainly issued and circulated by companies to raise short-term funds with maturities of less than one year.

The short-term bonds sold by Shinhan Financial Investment through mobile are products with a maturity of within 3 months, rated A2+ or higher, and credit is provided by domestic securities companies through purchase commitments or other methods. Interest rates vary depending on the short-term bond rating and remaining maturity period, and the minimum purchase amount is 100 million KRW based on face value. Customers can choose from various short-term bonds with a maximum remaining maturity of 90 days for investment, and as of December 13, the pre-tax annual yield ranges from 2.25% to 2.45%.

To commemorate the opening of the short-term bond mobile trading system, Shinhan Financial Investment announced that it will offer special products to digital customers with a maximum face value limit of 1 billion KRW per account until the products are sold out: A1 rated short-term bonds with a remaining maturity of less than 3 months at a pre-tax annual rate of 2.70%, and A2+ rated short-term bonds at 2.80%.

Kim Kidong, Head of FICC Sales Division at Shinhan Financial Investment, said, “Shinhan Financial Investment provides various financial products for digital asset management customers,” and added, “As the base of digital customers expands, we opened this service to meet the demand for short-term bonds from asset owners.”

This content was produced with the assistance of AI translation services.