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KEB Hana Bank raises US$650m from multi-year bonds

[THE INVESTOR]] KEB Hana Bank announced on Oct. 12 that it has raised US$650 million from foreign-currency denominated bonds.

They include US$350 million worth of 3-year bonds, and US$ 300 million of 5-year bonds.

The 3-year bond’s yield is 0.85 percentage points higher than 3-year US Treasury bonds, while that of 5-year bond is 0.95 percentage points higher than that of US Treasury bonds of same maturity.

The bank said that it increased the total amount by US$50 million due to high demand from investors. 

By Choi He-suk (