Hana Bank Completes Issuance of US$600 Million Senior Unsecured Sustainability Notes

April 07, 2022

Seoul – Paul Hastings LLP, a leading global law firm, announced today that the firm has acted as sole international counsel in connection with Hana Bank’s update of its US$10 billion Global Medium Term Note Program and the issuance of US$600 million 3.2% Senior Unsecured Sustainability Notes due 2027 under the program.

As the flagship company of Hana Financial Group, Hana Bank is a leading South Korean commercial bank engaged in a broad range of banking activities and services for individual, corporate and governmental customers.

J.P. Morgan acted as the arranger in the update of US$10 billion Global Medium Term Note Program. BNP Paribas, Citigroup, Crédit Agricole, Daiwa Capital Markets, Hana Financial Investment, HSBC, ING Bank, J.P. Morgan, KEB Hana Global Finance, Merrill Lynch, Mizuho Securities, MUFG Securities, Société Générale, Standard Chartered Bank, and UBS acted as the dealers.

As for the issuance of Senior Unsecured Sustainability Notes, J.P. Morgan, Merrill Lynch, MUFG Securities, Société Générale, and Standard Chartered Bank acted as the joint bookrunners and joint lead managers while Hana Financial Investment and KEB Hana Global Finance acted as the co-managers.

In 2021, Paul Hastings also advised on Hana Bank’s update of its US$10 billion Global Medium Term Note Program and the issuance of US$600 million Senior Secured Sustainability Notes.

The Paul Hastings team was led by corporate partner Iksoo Kim, with support from associate Sye Myung Kim and corporate attorney David Park.

Dedicated to helping the world’s leading Wall Street and global investment banks, asset managers and corporations achieve their business and legal goals, Paul Hastings is a premier global finance law firm with elite teams in finance, mergers and acquisitions, private equity and litigation. We are one of only a handful of law firms ranked across multiple core finance areas including: structured credit, leveraged finance, private credit, capital markets and real estate finance.

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