Search results for SOFR
Crypto
Metaplanet seeks to buy Super League with 2,100 bitcoin to target U.S. capital markets
Japanese bitcoin treasury firm Metaplanet is seeking to secure control of Nasdaq-listed Super League by contributing 2,100 bitcoin. Super League shareholders approved proposals that would allow Metaplanet to obtain a 93.7% stake. Metaplanet plans to raise funds for additional bitcoin purchases through dollar-denominated preferred stock issuance after establishing a listed-company structure. The deal includes common shares, governance-focused convertible perpetual preferred shares and warrants, with a five-year lock-up on the common stock.
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.
