Shinhan Financial Group, one of South Korea’s most active offshore debt issuers, returned to the G3 bond market again on Monday and raised $500 million from a Tier 2 subordinated sustainability bond in an otherwise busy period for Asian financials.
As it stands, Shinhan has become the seventh institution out of Korea to issue sustainability bonds this year following the likes of POSCO, Kogas and Kookmin Bank.
Timing for the bond sale was not ideal as it was brought to the market ahead of the two-day trade talks between China and the US.
Meanwhile, a handful of financial institutions in the...
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