Hana Securities Raises $300 Million Through Dollar Bonds... Achieves Lowest Spread Among Securities Firms

Hana Securities announced on May 27 that it has successfully issued dollar bonds worth 300 million dollars.

The building of Hana Securities. Hana Securities

This issuance marks the first overseas bond issuance by a domestic securities company since the U.S.-Iran war, with a five-year maturity and a total amount of 300 million dollars. The spread was set at 0.77 percentage points above the U.S. Treasury yield for the same maturity, which is 0.33 percentage points lower than the initial price guidance. This represents the lowest spread ever recorded for Korean securities companies' so-called 'Korea Paper.'

Hana Bank's dollar-denominated bonds received an 'A-' credit rating from global rating agency Standard & Poor’s (S&P). Based on this, the final valid demand from investors reached 3.3 billion dollars, which is 11 times the offering amount.

Hana Securities plans to use the funds raised from this dollar bond issuance for purposes such as investing in foreign currency assets and mitigating foreign currency liquidity risks.

Kim Junghoon, Head of FICC at Hana Securities, stated, "Since our debut in the public Korea Paper market last year, we will continue to expand our global business based on strong demand driven by Hana Securities’ stable credit rating."

Meanwhile, in April last year, Hana Securities conducted its first public Korea Paper issuance, successfully raising 300 million dollars through dollar bonds. Despite global tariff issues at the time, the bonds received a stable 'A-' credit rating from S&P and attracted orders amounting to more than five times the offering, making it a notable success.

This content was produced with the assistance of AI translation services.