Shinhan uses Taiwan base to build $500m bond

By Morgan Davis
09 Apr 2020

South Korea's Shinhan Bank raised $500m from a Formosa bond on Wednesday, taking advantage of the strong interest from Taiwanese investors for its transaction. The borrower paid just 20bp in new issue premium.

Shinhan hit the market a day after Korea Development Bank raised $500m from a floating rate note, in a transaction that was sole led by Standard Chartered. The deal was initially marketed at 180bp over three month Libor before closing at 145bp over, which a source close ...

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