Hana Financial Group Issues New Hybrid Bonds Worth 270 Billion KRW
[Asia Economy Reporter Hwang Yoon-joo] Hana Financial Group announced on the 25th that it has decided to issue 270 billion KRW worth of domestic bearer, unsecured, unsubordinated, amortizing contingent convertible bonds (hybrid capital securities) for operating funds and debt repayment funds.
The fund allocation consists of 78 billion KRW for operating funds and 192 billion KRW for debt repayment. The call option period was set between 5 and 10 years.
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Hana Financial Group explained, "The coupon rate and maturity interest rate will be determined by reflecting the prevailing market interest rate at the time of issuance based on the results of future demand forecasts."
This content was produced with the assistance of AI translation services.
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