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Shinhan Financial arranges kimchi bond sale for Indonesian firm

2018/09/16 15:29

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SEOUL, Sept. 16 (Yonhap) -- Shinhan Financial Investment Corp., a major brokerage firm in Seoul, said Sunday that it has arranged the sale of so-called kimchi bonds here by an Indonesian company.

Kimchi bonds refer to non-won-denominated bonds issued in South Korea usually by foreign institutions.

The brokerage firm said along with KEB-Hana Bank, it co-arranged for the sale of the US$25 million worth of bonds with a maturity of three years, for PT Pabrik Kertas Tjiwi Kimia TBK, a paper-making company.

In May this year, Shinhan Financial also arranged a debt sale for a Vietnamese utility-related firm.