Korea’s Shinhan to redeem $500 million of 5 7/8% subordinated notes

By Mary-Katherine Stinson

Lexington, Ky., July 27 – Shinhan Financial Group said it will redeem all $500 million of 5 7/8% tier 1 subordinated notes (ISIN: XS1856024432) on the optional redemption date of Aug. 13, according to a notice.

The redemption will be at par.

The notes were issued on Aug. 13, 2018.

Shinhan is a Seoul, South Korea-based retail bank.

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