Shinhan Bank Co. Ltd. said March 15 that it will issue 200 billion South Korean won of contingent convertible bonds with a write-down feature.
The issuance comprises a 10-year tranche of 150 billion won with a coupon of 3.37% and a 15-year tranche of 50 billion won with a coupon of 3.53%.
Shinhan Bank is a unit of Shinhan Financial Group Co. Ltd.
As of March 15, US$1 was equivalent to 1,066.95 South Korean won.
