Shinhan completes bond deal

Joint leads ABN AMRO, BNP Paribas and UBS Warburg priced a $200 million three-year fixed rate bond issue for the Baa1/BBB rated credit last night (Tuesday). With a semi-annual coupon of 4%, Shinhan's deal has set a new post crisis record for the Asian fixed rate sector and beaten the previous record holder - KDB - which launched a 5.25% November 2006 transaction late last year.