Shinhan Investment Corp. Sells Out Monthly Interest-Paying SK Ecoplant Bonds

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Shinhan Investment Corp. announced on the 2nd that the 39 billion KRW senior bonds with monthly interest payments issued by SK Ecoplant on the 1st have been fully sold.

The SK Ecoplant bonds issued this time are rated A- and mature on January 31, 2025, and August 1, 2025, respectively. While typical corporate bonds pay interest quarterly, these bonds feature monthly interest payments, allowing investors to receive interest every month.

The one-year maturity bond sold by Shinhan Investment Corp., ‘SK Ecoplant 180-1,’ has a coupon rate of 5.359%, providing 446,000 KRW monthly interest on a 100 million KRW face value investment. The ‘SK Ecoplant 180-2,’ issued with a maturity of one year and six months, has a coupon rate of 5.735%, allowing investors to receive 478,000 KRW in pre-tax interest monthly on the 1st of each month until maturity for a 100 million KRW face value investment.

These monthly payment bonds are suitable for customers who want to receive interest payments every month. They are especially attractive to customers seeking a fixed monthly cash flow after retirement. Sales are increasing mainly among individual investors. To meet the growing demand from individual bond investors, general corporate bonds are also being issued with monthly payment structures.

Shinhan Investment Corp. plans to continue supplying bonds with monthly interest payments in the future. Information on over-the-counter bonds sold by Shinhan Investment Corp. is available through ‘Shinhan SOL Securities’ and branch offices, and non-face-to-face customers can receive investment consultations before purchase through digital PB services.

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