Shinhan Bank Completes US$350 Million Tier II Subordinated Notes Offering
09.21.17
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Simpson Thacher, acting as sole international counsel, represented BNP Paribas, The Hongkong and Shanghai Banking Corporation Limited, Merrill Lynch International, MUFG Securities EMEA plc, Shinhan Asia Limited and Shinhan Investment Corp., as joint lead managers in connection with the offering of U.S.$350 million of 3.75% Tier II Subordinated Notes due 2027 by Shinhan Bank under its U.S.$6 billion Global Medium Term Note program. The offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended.
Shinhan Bank is one of the leading commercial banks in Korea providing a wide range of commercial and other banking services to retail and corporate customers primarily in Korea and, to a lesser extent, in select overseas markets. Shinhan Bank is the flagship subsidiary of Shinhan Financial Group, one of the leading financial holding companies in Korea with shares listed on the Korea Exchange and the New York Stock Exchange.
The Simpson Thacher team for the transaction included Jin Hyuk Park and Joongwon Park (Corporate); and Jacqueline Clinton (Tax).