Shinhan Bank announced on the 9th that it successfully issued a $500 million (approximately 713.3 billion won) global senior unsecured foreign currency bond on the 6th. This bond has a fixed interest rate with a maturity of 5 years, with the issuance rate being 4.649% per annum, which is 0.72 percentage points above the yield of U.S. Government Bonds of the same maturity.
This issuance was jointly managed by Citigroup Global Markets Securities along with Crédit Agricole, JP Morgan, Mizhuo Securities, MUFG Securities, and Standard Chartered.
Before the bond issuance, Shinhan Bank conducted investor briefings by directly visiting major investment institutions in Asia, Europe, and the Americas. As a result, over 220 institutional investors placed buy orders totaling $4.4 billion (approximately 6.1833 trillion won). Consequently, they reduced the additional charge by 0.38 percentage points compared to the initial offered rate.
Since the second half of 2020, Shinhan Bank has linked all its foreign currency bond issuances to Environmental, Social, and Governance (ESG) considerations. This foreign currency bond was also issued in the form of a "social bond." It has successfully completed its 12th consecutive issuance of ESG bonds.