Bond issue

Shinhan Card to issue $300 mn in dollar bonds; first such issue in 13 years

Jin-sung Kim

Oct 06, 2020 (Gmt+09:00)

Shinhan Card Co. is set to issue $300 million (about 340 billion won) worth of dollar bonds at the end of this month for overseas investors, according to the investment banking industry on Oct. 6.

It will be the first time in 13 years for the South Korean credit card company to issue dollar bonds abroad -- the last was in May 2007. The company began preparations for the bond issue after it was rated A2 by global credit rating agency Moody's.

The dollar bonds will be issued ...

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