New Issue: Korea’s Hana Bank prices $300 million 4 3/8% notes due 2024 at 195 bps over Treasuries

By Christine Van Dusen

Atlanta, Sept. 26 – Korea’s Hana Bank priced $300 million 4 3/8% notes due Sept. 30, 2024 (expected ratings: Baa2/BBB/) at 99.241 to yield 4.47%, or Treasuries plus 195 basis points, a market source said.

Barclays, Commerzbank, JPMorgan, Societe Generale, Standard Chartered Bank and UBS were the bookrunners for the deal.

The financial services company is based in Seoul.

Issuer:	Hana Bank
Amount:	$300 million
Maturity:	Sept. 30, 2024
Description:	Notes
Bookrunners:	Barclays, Commerzbank, JPMorgan, Societe Generale, Standard Chartered Bank, UBS
Coupon:	4 3/8%
Price:	99.241
Yield:	4.47%
Spread:	Treasuries plus 195 bps
Trade date:	Sept. 25
Settlement date:	Sept. 30
Expected ratings:	Moody’s: Baa2
	Standard & Poor’s: BBB

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