Shinhan prices second hybrid tier-1 deal
The Korean bank brings its first deal since winning the LG Card bid and becomes the first Asian bank to have multiple tier-1 transactions in the market.
Joint book runners ABN AMRO, Barclays Capital, JPMorgan and Morgan Stanley have priced Shinhan BankÆs second hybrid tier-1 deal inside its existing tier-1 curve and in line with guidance.
The leads kicked off roadshows for the $350 million 30-year non-call 10 deal last week meeting investors in Singapore, Hong Kong, London and Frankfurt, and released initial guidance on Tuesday at the 10-year US Treasuries plus 205bp level.
Final pricing on the Baa2BBBBBB rated Reg-S only deal...
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