Shinhan Financial Group Co (SHG) has released an update.
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Shinhan Financial Group has announced the issuance of KRW 270 billion in write-down contingent capital securities, aimed at meeting Basel III capital requirements. These perpetual securities, which include call options after five years, are a strategic move to bolster financial stability. The total issuance amount may be adjusted based on demand forecasts, with a maximum cap of KRW 400 billion.
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