Hana Financial Group Issues KRW 350 Billion 19th Series Step-Up Subordinated Notes at 4.80%, Boosting BIS Ratio by 0.12%p
Hana Financial Group will issue KRW 350 billion of the 19th series step-up subordinated notes (new type capital securities) on May 29, 2026. The initial planned amount of KRW 270 billion was increased by KRW 80 billion following demand forecast results.
The demand forecast subscription ratio was 1.43:1 (total bids KRW 385 billion), and the final coupon rate was set at 4.80%, the top of the target range.
The notes are perpetual, with a conditional early redemption option at the issuer's discretion after 5 years. Credit rating: AA- from KIS, KOREA RATINGS, and NICE.
Proceeds will be used for operating funds (KRW 270 billion) and repayment of the 9-1 series step-up subordinated notes (KRW 80 billion).
Post-issuance, as of Q1 2026, the BIS total capital ratio is estimated to rise from 15.22% to 15.34% (+0.12%p), Tier 1 capital ratio from 14.59% to 14.71% (+0.12%p), while the common equity tier 1 ratio remains unchanged at 13.11%.
If the portion allocated to affiliate Hana Securities (KRW 70 billion) remains unsold, the capital ratio improvement could decrease to 0.10%p.
KOSPI Filing Information
Filing: [Confirmation of Issuance Terms] Securities Registration Statement (Debt Securities)