Shinhan Bank announced on the 21st that it has issued a samurai bond worth 32 billion yen (about 300 billion won).

Yen-denominated bonds issued by the Japanese capital market to foreign governments or companies are expressed as samurai bonds. Samurai bonds are based on government bond rates, as principal and interest payments are made in yen.

Shinhan Bank strategically pushed for financing in Japan, the only country that maintains a low-interest rate trend during the global rate hike.

Regarding this procurement, Shinhan Bank explained that it has reduced procurement costs by improving stability and achieving ultra-low interest rate coupons in the 0% range.

Interest rates and maturity of bonds collected by Shinhan Bank are 0.87% (2 years of maturity), 0.98% (3 years of maturity), and 1.33% (5 years of maturity).

Shinhan Bank also issued ESG bonds for the first time in a Korean financial institution. It is the first Korean institution to issue all of the G3 currencies (dollar, yen, and euro) as ESG bonds.

An official from Shinhan Bank said, “We have secured preemptive foreign currency liquidity through the issuance of Samurai bonds,” adding, “We will continue to issue ESG bonds for the social value of finance.”