Providing Fixed Monthly Income... Hana Bank Launches New Bond-Type Fund for Retirement Pensions

Annual 4% Level Dividends... Comparable to Commercial Bank Fixed Deposits

Hana Bank has introduced a retirement pension fund product that provides a higher level of fixed income each month compared to regular savings accounts at commercial banks, targeting retirement pension customers.

Hana Bank announced on the 11th that it will launch this "monthly payment bond-type fund."

This product aligns the cash flow of monthly payment equity-linked bonds (ELB) with the fund's cash flow, distributing dividends at an annual rate of about 4% on the 21st of each month. The structure ensures full repayment of the principal at maturity by incorporating ELBs guaranteed by AA-rated securities companies with high credit ratings, enhancing stability.

It is explained that the product provides a stable retirement life foundation for customers withdrawing from their retirement pension and offers returns through monthly fixed income reinvestment for customers accumulating their retirement pension.

The subscription period is until the 19th. The maturity is one year, and the minimum subscription amount is 1 million KRW. Customers can subscribe through Hana Bank’s nationwide branches and the representative mobile application “Hana One Q.”

Jo Young-soon, head of Hana Bank’s Pension Business Division, said, "As we enter a super-aged society with an increasing number of pensioners, we will continue to develop differentiated products that are stable and highly profitable by reflecting the diverse opinions of retirement pension customers."

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