Shinhan Bank Issues 400 Million AUD Foreign Currency Bonds
[Asia Economy Reporter Minwoo Lee] Shinhan Bank has successfully issued foreign currency bonds worth 400 million Australian dollars (approximately 260 million US dollars).
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According to Shinhan Bank on the 8th, the interest rate on these 3-year bonds is determined by adding 1.95 percentage points to the 3-month floating rate, and the issuance date is set for the 16th. Shinhan Bank sees significance in successfully issuing the bonds despite concerns from overseas investors about foreign currency bonds from Korean financial institutions following the non-exercise of the call option on Heungkuk Life Insurance's foreign currency hybrid capital securities.
This content was produced with the assistance of AI translation services.
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