Hana Bank Issues EUR500 Million Sustainability Bonds

Paul Hastings LLP served as legal counsel for Hana Bank's issuance of Series 3 EUR500 million Sustainability Covered Bonds due in 2028. The offering, conducted under Regulation S of the U.S. Securities Act, was finalized on January 23, 2025. These covered bonds are dual-listed on the Singapore Exchange Securities Trading Limited and Frankfurt Stock Exchange, with BNP Paribas, Commerzbank Aktiengesellschaft, ING Bank N.V., Société Générale, and Standard Chartered Bank acting as joint lead managers. Additionally, Paul Hastings facilitated the update of Hana Bank's US$5 billion Global Covered Bond Programme earlier in January 2025. Hana Bank, a leading South Korean commercial bank and part of Hana Financial Group, is involved in a wide range of services for diverse customers. The Paul Hastings team was steered by corporate partner Iksoo Kim, supported by associate Sye Myung Kim and attorney David Park.