The [financial newspaper sinyuncheol Korea News] 400 million Australian dollars Kangaroo Shinhan Bank, the four-year maturity bonds were issued in the last 10 days.
The four-year bonds issued by the kangaroo and consisted of 100 million Australian dollars 300 million Australian dollar variable rate and fixed rate type. Dwaeteumyeo floating rate is determined by adding a 1.1% interest rate on short-term indicators of Australian swap rates (3 month BBSW, Bank Bill Swap Rate) is a fixed interest rate of 3.5%.
This success was issued without the required premium is as high as US dollar LIBOR interest rates in the market for three months plus a spread of about 0.87 percent against the US dollar bond market interest rates Kangaroo Market.
Shinhan Bank on March 42 in a variety of areas, such as US interest rates given the domestic economic risks, including possible impression has issued a kangaroo bonds preemptively over the past three calls to diversify in the second issue followed in 2007 and 2012. Asia, Australia, Europe, about 6.3 billion Australian dollar has secured an order for the issuance of 1.6 times at the institution.
Shinhan Bank official said, "Kangaroo bond market is accessible limited only issuer of superior credit rating and has steadily issued on the basis of high Shinhan Bank credibility," secured a "foreign currency liquidity preemptively in a situation where growing economic uncertainty it became possible future flexible to cope with financial market volatility, "he said. In this issue there was participation by ANZ, HSBC, Toronto Dominion joint lead managers.
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