hana-heading-to-market-with-new-sub-debt-deal

Hana heading to market with new sub debt deal

Barclays, BNP Paribas and Deutsche ready to hit the road with Hana Bank for a new lower-tier 2 bond.
August 31, 2006
KoreaÆs Hana Bank has mandated Barclays, BNP Paribas, and Deutsche Bank for a dollar-denominated 10 non-call five-year lower-tier 2 subordinated bond deal. The notes are being issued off of HanaÆs $2.5billion global medium term note programme.

Although final size has not yet been determined, the deal is expected to be in the $300 million to $400 million range.

Roadshows are scheduled to begin on Monday September 4 in Singapore, before heading to Hong Kong on the Tuesday and London on the Wednesday. The deal is Reg-S only.

Hana Bank was the first to issue a hybrid tier-1 deal from Korea when it launched an 8.748% perpetual non-call 10-year in 2002 via Barclays and JPMorgan....
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