▶주메뉴 바로가기

▶본문 바로가기

THE INVESTOR
December 13, 2019
Big Reunion

Finance

SC Bank Korea sells W500b won worth of covered bonds

  • PUBLISHED :June 27, 2019 - 14:26
  • UPDATED :June 27, 2019 - 14:26
  • 폰트작게
  • 폰트크게
  • facebook
  • twitter
  • sms
  • print


Standard Chartered Bank Korea said on June 27 it has raised 500 billion won ($432.5 million) via an issuance of won-denominated covered bonds.

The debt offering will help SC Bank Korea secure a stable cash flow, the bank said in a statement. Covered bonds are a type of debt securities that are backed by a separate group of assets.


The bonds, which have a maturity of five years, carry a yield of 1.66 percent, according to the statement.

In the first quarter of this year, SC Bank Korea saw its net profit drop 12.5 percent on year to 10.9 billion won.

The decline came as the bank reported a poor performance in its wealth management business.

By Ram Garikipati and newswires (ram@heraldcorp.com)

  • facebook
  • twitter
  • sms
  • print

EDITOR'S PICKS