Paul Hastings Advised on Hana Bank’s Issuance of EUR500 Million Sustainability Covered Bonds

February 05, 2025

Paul Hastings LLP acted as United States counsel to managers in connection with Hana Bank’s issuance of Series 3 EUR500 million 2.875% Sustainability Covered Bonds due 2028 under its Global Covered Bond Programme on January 23, 2025. The offering was conducted in reliance on Regulation S of the U.S. Securities Act of 1933, as amended, and the covered bonds were dual-listed on the Singapore Exchange Securities Trading Limited and Frankfurt Stock Exchange.

BNP Paribas, Commerzbank Aktiengesellschaft, ING Bank N.V., Société Générale and Standard Chartered Bank acted as the joint lead managers.

Paul Hastings also assisted Hana Bank and dealers with the update of Hana Bank’s US$5 billion Global Covered Bond Programme, which was completed on January 6, 2025.

As the flagship commercial bank of Hana Financial Group, Hana Bank is a leading South Korean commercial bank engaged in a broad range of banking activities and services for individual, corporate and governmental customers.

The Paul Hastings team was led by corporate partner Iksoo Kim, with support from associate Sye Myung Kim and attorney David Park.

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