Cho Hung Bank drops sub debt plan

The Korean bank postpones a $250 million issue after failing to get MoFE approval.

Korea's Ministry of Finance and the Economy MoFE has put paid to plans for a $250 million upper tier 2 debt issue just a week before roadshows were due to start. Salomon Smith Barney was mandated for a 10 non-call five offering by the government-owned bank last month, having previously held a mandate for a hybrid transaction.

However, news of a prospective sub debt issue immediately raised eyebrows among Asian FIG experts, since Cho Hung is in...

To continue reading, please login or register for free

Click for more on: cho | hung | bank | drops | sub | debt | plan

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...