Hana Securities Diversifies Foreign-Currency Funding as Global IB and Corporate Finance Push Gains Pace
Hana Securities is broadening its foreign-currency funding base and strengthening its capital position as it expands investment in global investment banking, corporate finance and venture capital.The brokerage has moved beyond conventional dollar-denominated bonds by issuing foreign-currency hybrid
Hana Securities is diversifying its foreign-currency funding base and bolstering its capital position by expanding its investment in global investment banking, corporate finance, and venture capital. The brokerage has introduced foreign-currency hybrid capital securities for the first time among South Korean securities firms, issuing $300 million in U.S. dollar-denominated hybrid capital securities with a 30-year maturity and a 6.50% coupon.
This move adds a capital-eligible instrument to its funding portfolio, aiming to diversify both funding sources and maturities. The latest transaction is part of a broader strategy that Hana Securities has been building over the past few years, with its foreign-currency funding expanding from three-year dollar bonds to five-year senior notes and now to 30-year hybrid capital securities.
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