Shinhan Bank Co Ltd
Indicative
Full Lot
Indicative price as of 02 Oct 2026, 4:33pm
Bond Issuer
Shinhan Bank Co Ltd
Guarantor
-
Announcement Date
08 Apr 2024
Issue Date
15 Apr 2024
Maturity Date
15 Apr 2034
Years to Maturity / Next Call
7.531 / -
Modified Duration
5.851 @ 02 Oct 2026
Issue / Reoffer Price
99.385
Issue / Reoffer Yield
5.832
Coupon Type
Fixed
Annual Coupon Rate
5.750
Coupon Frequency
Semi Annually
Seniority
Subordinated
Capital Structure
Tier 2
Reference Rate
-
ISIN
USY7770HAB43
CUSIP
ZB2754305
Bond Currency
USD
Total Issue Size
500,000,000
Min. Investment Quantity (Nominal)
USD 200,000
Incremental Quantity (Nominal)
USD 1,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch)
***/ A
Bond Credit Rating (S&P/ Fitch)
***/ BBB+
Shariah Compliant
No
Exchange Listed
SGX
Loss Absorption upon a Trigger Event in respect of Subordinated Notes
(a) Write-off on a Trigger Event
With respect to any Subordinated Notes, effective as of third Korean Business Day from the occurrence of a Trigger Event, each Subordinated Note, including the then outstanding principal amount thereof and any accrued but unpaid interest thereon, shall be irrevocably canceled in whole, without the need for the consent of the holders of the Subordinated Notes (such cancellation being referred to herein as a “Write-off”, and “Written-off” shall be construed accordingly). Once the principal amount of, and any accrued but unpaid interest under, the Subordinated Notes have been Written-off, such amounts will not be restored in any circumstances, including where the relevant Trigger Event ceases to continue.
The Issuer shall provide a Trigger Event Notice to the holders of the Subordinated Notes, but the Write-off shall be effective irrespective of whether the Issuer has provided such Trigger Event Notice.
For the avoidance of doubt, any Write-off pursuant to this Condition 9(a) will not constitute an Event of Default or any other insolvency events of the Issuer.
“Trigger Event” means the designation of the Issuer as an “insolvent financial institution” pursuant to the Act on the Structural Improvement of the Financial Industry of Korea.
Cash Flow Information