Search results for SOFR
Finance
Shinhan Bank issues $600 million in global senior foreign-currency bonds
Shinhan Bank said on Thursday it had successfully completed a $600 million issuance of global senior foreign-currency bonds on April 1. The deal comprised a 3-year floating-rate note and a 5-year fixed-rate bond, with $300 million allocated to each. The 3-year tranche was priced at SOFR plus 0.58 percentage points, and the 5-year tranche at the comparable U.S. Treasury yield plus 0.43 percentage points.
Finance
NH NongHyup Bank Hong Kong branch succeeds in issuing $50 million global bond
NH NongHyup Bank\'s Hong Kong branch has successfully issued a $50 million global bond, the bank said on Thursday. It marks the first time the bank\'s overseas unit has independently issued a bond in a host-country capital market using its local network. The one-year floating-rate bond was issued at about SOFR plus 42 basis points. Proceeds will be used to support Korean companies\' overseas expansion and overseas infrastructure project financing.
Finance
Woori Bank issues $600 million senior foreign currency bonds at record-low spread
Woori Bank said on Tuesday it successfully issued $600 million in senior foreign currency bonds, the first public foreign-currency bond offering by a commercial bank this year. The dual-tranche deal combined a three-year floating-rate note and a five-year fixed-rate note. Pricing was set at SOFR plus 48 basis points and the U.S. five-year Treasury plus 33 basis points. Both tranches set record-low spreads for commercial banks, it said.
