Daily News: February 8, 2013

Simpson Thacher Represents Initial Shinhan Bank Debt Purchasers


Simpson Thacher represented nine financial institutions in connection with the offering of $350 million 1.875% notes due July 30, 2018 by Shinhan Bank under its $6 billion global medium term note program in reliance upon Rule 144A and Regulation S under the Securities Act of 1933, as amended.

Australia and New Zealand Banking Group Limited, BNP Paribas Securities, Deutsche Bank AG, Singapore Branch, The Hongkong and Shanghai Banking Corporation, J.P. Morgan Securities plc, Merrill Lynch International and Mizuho Securities USA served as joint bookrunners. Shinhan Asia Limited and Shinhan Investment Corp. served as joint lead managers.

Shinhan Bank is a commercial bank in Korea that provides commercial and other banking services to retail and corporate customers primarily in Korea and, to a lesser extent, in select overseas markets.

The Simpson Thacher team for the transaction included Jin Hyuk Park, Johneth Chongseo Park and David S. Joo (corporate) and Robert Holo and Devin Heckman (tax).