Hana wraps up new lower tier 2 deal

Barclays, BNP Paribas and Deutsche close most recent Korean bank capital transaction.

Barclays, BNP Paribas and Deutsche have priced a new 10 non-call five-year lower-tier 2 subordinated bond for Hana Bank.

Late Thursday September 7 the leads priced the $400 million Reg-S deal at the tight end of revised price guidance.Having set out on roadshows on September 4 with an indicative range of 75bp to 80bp over mid swaps, guidance was tightened to 72bp to 73bp over.

Final pricing for the Baa1BBB deal came at 99.68%, on a coupon of 5.875%...

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