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Shinhan Alpha REIT to Issue KRW40 Billion Private Bonds

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Shinhan Alpha REIT (KRX:293940) will issue private bonds amounting to 40 billion won on Sept. 23, according to a Friday filing with the Korea Exchange.

The bonds carry an interest rate of 5.3% per year and a financial advisory fee of 0.05% for advisory firm Shinhan Investment.

The repayment date for the borrowing will be on Sept. 23, 2027.

Suhyup Bank and NH Investment & Securities will be the acquiring institutions.

The REIT will use proceeds from the borrowing to repay previously issued private bonds.

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