Shinhan Investment Corp. announced on the 5th that it will launch a special repurchase agreement (RP) bond that can be purchased with new funds from individual new customers or existing customers visiting branches.
This special RP can be purchased from a minimum of 100 million KRW up to a maximum of 1 billion KRW, and will be sold within a total limit of 100 billion KRW. It can be subscribed only once during the sales period, and the maturity is 3 months (91 days) from the subscription date. Even in case of early termination, a pre-tax annual yield of 4% applies, and the product will automatically end when the limit is exhausted during the sales period.
Existing customers can subscribe with newly deposited funds. Online purchases are not available, so customers must visit a branch or contact their manager by phone. The purchase hours are from 8:40 AM to 4:30 PM.
For more details about the special RP, customers can consult with their Shinhan Investment Corp. PB in charge, the nearest branch, or the dedicated customer center for special products.
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