Second time lucky for Hana Bank

Hana Bank closes its $500 million bond, having previously held off pricing just before Easter due to volatile market conditions.

Korean commercial lender Hana Bank early this morning priced a $500 million five-and-a-half-year bond, revisiting the market again after having earlier postponed its deal.

The initial guidance was released yesterday morning in the area of Treasuries plus 210bp. By evening, this was tightened to Treasuries plus 205bp plus or minus 2bp, with the bonds eventually printing at Treasuries plus 205bp to yield 4.115%.

The coupon was fixed at 4% and the notes were reoffered at 99.439....

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