Hana Bank prints $500 million benchmark deal

Hana Bank joins other Korean issuers in taking advantage of a steep yield curve to offer investors a higher coupon through a 5.5-year bond.

Korea's Hana Bank printed $500 million of senior unsecured debt early yesterday morning following a bookbuild that lasted about 24 hours. The 5.5-year Reg-S144A notes pay a fixed-rate coupon of 4.5% and were sold at a re-offer price of 99.836 to yield 4.534%. They were issued under the bank's existing $6 billion global medium-term note programme and will mature on October 30, 2015.

Hana followed the same pricing strategy as other Korean banks such as Shinhan Bank...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition