General Announcement::Notice to Noteholders with Annex A

Issuer & Securities

Issuer/ Manager
SHINHAN BANK
Securities
SHINHAN BK US$500M F250424A - US82460CAP95 - RKCB
SHINHAN BK US$500M F250424R - US82460EAP51 - IMTB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
03-Jul-2023 13:36:06
Status
New
Announcement Sub Title
Notice to Noteholders with Annex A
Announcement Reference
SG230703OTHRM4W8
Submitted By (Co./ Ind. Name)
Shinhan Bank / Hyunmin Kang
Designation
Manager
Description (Please provide a detailed description of the event in the box below)
We hereby give notice that Shinhan Bank will be transitioning the benchmark rate for its USD 500,000,000 floating rate notes due 2025 listed on SGX (the Notes ). Further details on the Notes are below.

- Series : 70

- ISIN : US82460CAP95 / US82460EAP51

- Issue Date : April 24, 2020

- Amendment Effective Date : July 24, 2023

- Maturity Date : April 24, 2025

The original interest rate of the Notes is 3-month US$ LIBOR, plus 1.70% per annum. Upon the benchmark transition, the new interest rate will be CME 3M Term SOFR, plus 1.96161% per annum (i.e., margin adjusted for spread adjustment for 3-month US$ LIBOR, which is 0.26161% per annum). The new interest rate will be applied starting with the new interest period beginning on July 24, 2023. For more information on the benchmark transition and the related modifications to the interest rate determination, please see attached the Notice to Noteholders dated as of June 22, 2023

Attachments

Shinhan_Bank_Notice_to_Noteholders_with_Annex_A.pdf
Total size =8518K