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폴 헤이스팅스, 한화생명의 미화10억 달러 규모 Tier II Subordinated Capital Securities 발행에 대해 공동 주간사단 자문
June 24, 2025
Paul Hastings LLP acted as international counsel to the joint lead managers in connection with Hanwha Life Insurance Co., Ltd.’s issuance of US$1 billion 6.3% Tier II subordinated capital securities. The transaction closed on June 24, 2025. The offering was conducted in reliance of Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended, and the securities were listed on Singapore Exchange Securities Trading Limited. The securities will pay a fixed interest rate of 6.3% for the first five years, subject to certain exceptions, and the interest rate will be reset every five years unless the issuer redeems the securities.
Citigroup Global Markets Inc., Crédit Agricole Corporate and Investment Bank, The Hongkong and Shanghai Banking Corporation Limited, Merrill Lynch International and Morgan Stanley & Co. International plc acted as joint lead managers.
Founded in 1946 as Korea’s first life insurer, Hanwha Life Insurance Co., Ltd. is one of the “Big Three” life insurers in Korea, measured in terms of total assets and total gross premiums.
Corporate partner Iksoo Kim led the Paul Hastings team, which also included associate Sye Myung Kim and corporate attorney David Park.
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