Shinhan Financial Issues $500 Million Global Senior Unsecured Foreign Currency Bonds

Successful Preemptive Issuance Ahead of U.S. Tariff Suspension Expiry
Five-Year Maturity Bond Set at 4.597% Annual Rate

Shinhan Financial Group announced on July 8 that it has successfully completed a global public offering of senior unsecured foreign currency bonds worth $500 million (approximately 683.9 billion KRW) targeting overseas investors.

This senior foreign currency bond has a five-year maturity with a fixed interest rate and was issued for the purpose of refinancing previously issued foreign currency bonds. The coupon rate was set at 4.597% per annum, which is the U.S. Treasury yield plus a spread of 0.63 percentage points.

Prior to the bond issuance, Shinhan Financial visited major institutional investors in Asia and Europe to hold investor presentations. As a result, approximately 130 investors expressed investment intentions totaling around $3 billion, which is up to six times the amount offered.

For this issuance, Citigroup Global Markets Securities, Credit Agricole, BNP Paribas Securities, HSBC Securities, Mizuho Securities, and Standard Chartered acted as joint bookrunners, while Shinhan Investment Corp. participated as a co-manager.