Simpson Thacher represented dealers and joint managers in the transaction.
Shinhan Bank completed its update of the US$6 billion Global Medium Term Note program. In addition Shinhan Bank executed the offering of US$500 million of 1.375% Senior Unsecured Notes due October 21, 2026 under its Global Medium Term Note program. The offering constitutes a “Sustainable Development Goals” bond offering. The offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended.
BNP Paribas, Credit Suisse (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities plc, Merrill Lynch International and Mizuho Securities Asia Limited acted as dealers and as joint managers.
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), Joongwon Park, Chanik Park and William Son (Corporate – Hong Kong); Jonathan Cantor and Scott Grundei (Tax); Jeanne M. Annarumma (ERISA); and Jennie Getsin (Blue Sky).
Involved fees earner: William Son – Davis Polk & Wardwell; Jeanne Annarumma – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Scott Grundei – Simpson Thacher & Bartlett; Jin Hyuk Park – Simpson Thacher & Bartlett; Joongwon Park – Simpson Thacher & Bartlett; Chanik Park – Simpson Thacher & Bartlett;