Shinhan bond flies behind FOMC doves

Strong reception as Korea's most profitable bank launches its first Basel III bond.

Shinhan bond flies behind FOMC doves
Credit flies as FOMC slows rate hikes

Korea's most profitable bank executed its first Basel III-compliant bond on Thursday, receiving an extremely strong reception from investors due to its rarity value and dovish comments from the FOMC one day earlier. 

Bankers said the order book peaked around $5 billion and closed at $3 billion with investors seeking to ride the improving credit market backdrop and get access to Korea's most sought-after banking credit.

The capping of the...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES