Shinhan brings equity deal: Hana hopes to follow

Shinhan boosts tier 1 capital through innovative placement, but Hana may lose its chance as KDIC prepares to sell a stake in the bank itself.

Jackie Horne

March 02, 2004

Morgan Stanley broke new ground and records yesterday (Tuesday) with the completion of an accelerated $533 million block trade for Shinhan Bank. Where previously international Korean equity deals have used ADR or GDR formats, this one was structured as a domestic placement and represents the largest on record.

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