Sustainability bonds

Shinhan’s sustainability bond hits crowded market

Unfazed by ample supply in the primary market, South Korea’s second-largest financial group put together a hefty order book for its $500 million sustainability bond sale.

Shinhan Financial Group, one of South Korea’s most active offshore debt issuers, returned to the G3 bond market again on Monday and raised $500 million from a Tier 2 subordinated sustainability bond in an otherwise busy period for Asian financials.

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