Loan & DebtJul 23, 2026, 07:56 AM
Shinhan Financial Group to Issue KRW 270B Contingent Capital Securities
AI Summary
Shinhan Financial Group's board of directors resolved to issue KRW-denominated Write-down Contingent Capital Securities totaling KRW 270 billion. The purpose of this issuance is to maintain capital requirements under the Basel III framework. These perpetual securities include call options after 5 years and a non-viability trigger event that would lead to a write-off if the company is designated an insolvent financial institution.
Key Highlights
- Board resolved to issue KRW-denominated Write-down Contingent Capital Securities.
- Purpose is to maintain capital requirements under Basel III.
- Total issuance amount is KRW 270 billion.
- Issuance amount can change up to KRW 400 billion based on demand forecast.
- Securities are perpetual with call options after 5 years but no later than 10 years.
- Non-viability trigger event leads to write-off if designated as insolvent.
- Type of securities: Basel 3 Compliant Additional Tier1 Capital.
Price Impact
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