BNP is first out of the gate with $317m Shinhan block

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By John Loh
05 Jan 2017

BNP Paribas opened the block market in Asia with a W382.1bn ($316.7m) sell-down in South Korea’s Shinhan Financial Group Co this week.

The first accelerated bookbuild of size in 2017 priced on Wednesday at W44,800 a share, after BNP decided to monetise a small portion of its stake in the Korean financial services firm.

BNP appointed itself as the sole lead to pare down its holding in Shinhan from 5.3% ...

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