Search results for Fitch
Finance
Shinhan Bank issues 600 million euro green covered bond, draws 3.8 times target orders
Shinhan Bank issued a 600 million euro green covered bond after demand from European investors led it to raise the deal size above its initial target. The 3.5-year bond was priced at mid-swaps plus 19 basis points, with an annual coupon of 3.4116 percent. It drew 1.9 billion euros of orders, about 3.8 times the initial 500 million euro target. Moody\'s and Fitch rated the bond Aaa and AAA.
Finance
Woori Bank to strengthen data, AI-driven sales in second half, expand cross-group collaboration
Woori Bank plans to strengthen sales in the second half of 2026 by overhauling its sales territories and marketing system using public data and customer information and introducing AI agents to improve productivity. The bank said it will also expand collaboration among business groups and tighten internal controls. It cited a broader customer base, asset rebalancing and improved capital ratios as groundwork for growth, and noted Fitch raised its viability rating to A from A- in July.
Industry
SpaceX seeks $20 billion investment-grade bond issue
SpaceX is pursuing its first investment-grade bond sale to raise at least $20 billion, with investor meetings possible as early as next week. The proceeds are expected to replace temporary funding tied to the xAI acquisition and to reshape its borrowing structure. The company previously raised a $20 billion loan from five Wall Street banks, due in September 2027. Rating agencies have assigned investment-grade scores, supporting the planned issuance.