Published on 11/8/2005 in the Prospect News Emerging Markets Daily.
New Issue: South Korea's Shinhan Bank sells $50 million short-term notes to yield Libor plus 140 bps
By Reshmi Basu
New York, Nov. 8 - Shinhan Bank said it sold a $50 million offering of short-term floating-rate notes at par to yield three-month Libor plus 140 basis points.
National Australia Bank Ltd., Hong Kong was the lead manager for the offering.
Shinhan Bank, based in Seoul, is a private retail bank.
| Issuer: | Shinhan Bank
|
| Amount: | $50 million
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| Issue: | Floating-rate notes
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| Maturity: | Nov. 15, 2006
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| Coupon: | Three-month Libor plus 140 basis points
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| Issue price: | Par
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| Yield: | Three-month Libor plus 140 basis points
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| Pricing date: | Nov. 7
|
| Settlement date: | Nov. 15
|
| Lead manager: | National Australia Bank Ltd., Hong Kong
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