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SEOUL, April 9 (Yonhap) — Shinhan Bank, the flagship unit of South Korean financial holding company Shinhan Financial Group Co., said Tuesday it has raised US$500 million through selling dollar-denominated bonds.
The debts were issued at an interest rate of 1.4 percentage points above the U.S. Treasuries with a 10-year maturity, the bank said in a statement.
The proceeds from the bond sale will be mainly used to extend loans to socially vulnerable people, it said.
nyway@yna.co.kr
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