Shinhan Securities announced on the 10th that the 50 billion won special edition of its newly launched “Shinhan Premier Short-Term Note,” released for the first time on the 9th, was fully sold out in just one and a half days.
The “Shinhan Premier Short-Term Note” is a note with a maturity of up to one year, issued directly by Shinhan Securities, which pays principal and interest according to the agreed rate of return.
Shinhan Securities has introduced on-demand, fixed-term, and special-edition products, highlighting their competitive interest rates. The on-demand product offers a pre-tax annual interest rate of 2.50%, the fixed-term product offers a pre-tax annual interest rate ranging from 2.30% to 3.30% depending on the term, and the special-edition product offers a pre-tax annual interest rate ranging from 3.80% to 4.00% depending on the conditions. In particular, the special-edition product targeting customers in their 20s and 30s, with a sales limit of 20 billion won, drew attention with its pre-tax annual interest rate of 4.0%.
From the first year of launching its short-term notes, Shinhan Securities plans to invest 35% of the funds raised into venture capital, actively putting productive finance into practice under the Shinhan Financial Group’s banner of “K-Growth, K-Finance.”
Shinhan Securities CEO Lee Sunhoon said, “We will remember the passion of the customers who joined the productive finance that Shinhan Securities is pursuing,” adding, “By leveraging the extensive network of Shinhan Financial Group, one of Korea’s leading financial groups, and our investment expertise accumulated over many years, we will execute venture capital investments accompanied by investor protection and risk management.”
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