Hana starts roadshows for tier 1 deal

Hana Bank wins the race to become the first Korean bank to issue a hybrid security with presentations starting today in Hong Kong.

Roadshows for a $300 million tier one preferred securities transaction (TOPS) start today (Tuesday) in Hong Kong, moving to Singapore on Wednesday and London on Thursday, with pricing scheduled for either later that day or Friday. JPMorgan is global co-ordinator of the perpetual step-up 10 offering with Barclays as joint bookrunner. Fees total 1.3%

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