Printer Friendly

-Hana Bank plans dollar bond issuance.

Global Banking News-April 27, 2011--Hana Bank plans dollar bond issuance(C)2011 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 27 April 2011

Hana Bank, the banking unit of South Korea's Hana Financial Group Inc (086790.SE), is aiming to sell its proposed 5.5-year benchmark- sized dollar bond.

The bond is expected to be priced at a spread of 210 basis points over the comparable US Treasury bond yield. Barclays Capital (LSE: BARC) (NYSE: BCS), Citigroup (NYSE: C), HSBC Holdings Plc (LSE: HSBA) (NYSE: HBC) (HKG: 0005) and Standard Chartered Plc (LSE: STAN) (STD.DE) (OTC: SCBFF) (HKG: 2888) are book-runners for the offering.

The bank delayed the issuance last week, citing market volatility.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))

COPYRIGHT 2011 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Telecomworldwire
Date:Apr 27, 2011
Words:137
Previous Article:-Citigroup to strengthen securities business.
Next Article:-BofA Merrill Lynch names Asia Transport Banking head.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters