Shinhan issues $500 million global bond

KoreaÆs second biggest commercial bank attracts strong demand for its three-year deal, despite turbulent credit markets.

Shinhan Bank priced $500 million of three-year global bonds yesterday morning Hong Kong time. The deal, which came on the back of a non-deal global roadshow at the beginning of this month, attracted strong demand worldwide, although a sudden weakening of credit and equity markets meant that, in the end, the terms were less generous for investors than had been intended.

According to a press release from Shinhan Bank, which is part of the Shinhan Financial Group, the offering...

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