Shinhan Securities offers six-month notes at 4.50% before Chuseok

  • Shinhan Securities launched a limited six-month Shinhan Premier promissory-note offering.
  • The 4.50% annual pre-tax rate applies to a 30 billion-won sales cap.
  • Early redemption pays half the contracted rate, with full liquidation required.

Shinhan Securities is offering retail investors a limited batch of six-month Shinhan Premier promissory notes yielding 4.50% annually before taxes ahead of the Chuseok holiday. The total offer is capped at 30 billion won, approximately $22.3 million, and may close early when fully subscribed. Investors can commit between 1 million won and 300 million won. Early redemption pays only 50% of the contracted rate, and each subscription must be liquidated in full, making the product more suitable for investors able to hold it for the full six-month term. The brokerage issues the notes on its own credit, so they are not covered by the depositor protection scheme. Shinhan Securities said proceeds support corporate finance and venture capital investment, including funding for mid-sized companies, small and medium-sized enterprises and venture startups.

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