Thursday April 2, 07:08 AM
S.Korea Hana Bank in $1 bln, 3-yr bond sale-source
HONG KONG, April 2 (Reuters) - South Korea's Hana Bank will raise $1 billion via 3-year government guaranteed bonds, a source with knowledge of the deal said on Thursday.
The bank (TBHS
- news) lowered the spread it would pay over over mid-swaps to a range of 490-500 basis points from 500 to 525 basis points, according to the source, who was not authorised to speak to the media.
Pricing of the issue from the lending unit of Hana Financial Group is expected in New York later on Thursday.
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