Simpson Thacher acted as sole international counsel, represented BNP Paribas, Commerzbank Aktiengesellschaft, The Hongkong and Shanghai Banking Corporation Limited, Merrill Lynch International, Standard Chartered Bank, Shinhan Asia Limited and Shinhan Investment Corp., as joint lead managers in connection with the offering of US$500 million 3.875% Tier II Subordinated Notes due 2026 by Shinhan Bank under its US$6 billion Global Medium Term Note program.
The offering was conducted in reliance upon 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 (Picture), Iksoo Kim and Joongwon Park (Corporate – Seoul); and Rob Holo and Jacqueline Clinton (Tax).
Involved fees earner: Jin Hyuk Park – Simpson Thacher & Bartlett; Iksoo Kim – Simpson Thacher & Bartlett; Joongwon Park – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Jacqueline Clinton – Simpson Thacher & Bartlett;
Law Firms: Simpson Thacher & Bartlett;