Published on 10/28/2004 in the Prospect News Emerging Markets Daily.
New Issue: Korea's Shinhan Bank sells $50 million floating-rate notes
New York, Oct. 28 - Shinhan Bank said it sold $50 million of floating-rate notes at par in a two-tranche offering.
Tranche A carries a two-year tenor and price to yield Libor plus 15 basis points; tranche B carries a three-year tenor and priced to yield Libor plus 20 basis points.
Shinhan Bank is based in South Korea.
| Issuer: | Shinhan Bank
|
| Total amount: | $50 million
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| Issue: | Floating-rate notes
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| Arranger: | WestLB AF, Singapore branch
|
|
|
| Two-year maturity
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| Amount: | $25 million
|
| Maturity: | Nov. 9, 2006
|
| Coupon: | Libor plus 15 basis points
|
| Issue price: | Par
|
| Yield: | Libor plus 15 basis points
|
| Pricing date: | Oct. 27
|
| Settlement date: | Nov. 9
|
|
|
| Three-year maturity:
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| Amount: | $25 million
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| Maturity: | Nov. 9, 2007
|
| Coupon: | Libor plus 20 basis points
|
| Issue price: | Par
|
| Yield: | Libor plus 20 basis points
|
| Pricing date: | Oct. 28
|
| Settlement date: | Nov. 9
|
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