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Finance

Shinhan Financial succeeds in hybrid capital bond bookbuilding amid rising market volatility

Shinhan Financial Group said its bookbuilding for hybrid capital securities, held on March 6, attracted orders worth 529 billion won, nearly twice the notified amount. The issue, a contingent capital bond with a five-year call option, was increased to 400 billion won from 270 billion won, with the yield set at 4.20 percent. The result is seen as a sign that domestic capital-raising functions remain stable amid uncertainty.

Finance

KOSPI, KOSDAQ trigger sell-sidecar and circuit breakers

South Korean markets saw a series of trading curbs on March 9 as sell-sidecar measures and a circuit breaker were triggered, temporarily halting trading. A sell-sidecar in the main board market was activated after KOSPI 200 futures slid 6.49 percent, and a similar curb was later triggered in the KOSDAQ market. A first-stage circuit breaker followed as the KOSPI fell 8.10 percent.

Crypto

Is '10,000 XRP equals retirement' really true? Community debates

A debate is spreading among XRP investors over how much XRP is enough. Crypto Rumor Mill owner Fox said 10,000 XRP is not enough. XRP trades around $1.36, about 62 percent below its all-time high of $3.6. Some experts call the drop a buying opportunity. Others note that even if XRP rose to $10, holding 10,000 XRP would likely yield about $100,000, which many view as insufficient for retirement.