Shinhan Bank Issuance of 250 Billion KRW Write-Down Contingent Capital Bonds to Improve BIS Ratio, No Dilution
Shinhan Bank issued 250 billion KRW of write-down contingent capital bonds to strengthen supplementary capital and improve BIS total capital ratio.
The bond is a 10-year subordinated bond with a coupon of 5.04%, and the issuance does not dilute existing shares while enhancing financial soundness.
No share buyback or cancellation is included in this disclosure.
[AI Summary]Shinhan Financial Group's subsidiary Shinhan Bank issued 250 billion KRW in contingent capital bonds to improve BIS ratio through supplementary capital expansion, a defensive capital move with no dilution. The credibility of Shinhan Bank and the market conditions led to a 5.04% coupon, and the impact on shareholder value is neutral.
KOSPI Filing Information
[Correction of Description] Decision On Issuance Of Amortizing Conditional Capital Securities (Major Management Matters Of Subsidiary)