Simpson Thacher Represents the Initial Purchasers in US$350 Million Debt Offering by Shinhan Bank

Simpson Thacher represented Australia and New Zealand Banking Group Limited, BNP Paribas Securities Corp., Deutsche Bank AG, Singapore Branch, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities plc, Merrill Lynch International and Mizuho Securities USA Inc. as joint bookrunners and Shinhan Asia Limited and Shinhan Investment Corp. as joint lead managers, in connection with the offering of US$350 million 1.875% Notes due July 30, 2018 by Shinhan Bank under its $6,000,000,000 global medium term note program in reliance upon Rule 144A and Regulation S under the Securities Act of 1933, as amended.

Shinhan Bank is one of the leading commercial banks in Korea providing a wide range of commercial and other banking services to retail and corporate customers primarily in Korea and, to a lesser extent, in select overseas markets. Shinhan Bank is one of the largest lenders in Korea to small- and medium-sized enterprises. Shinhan Bank is a subsidiary of Shinhan Financial Group, one of the leading financial holding companies in Korea with shares listed on the Korea Exchange and the New York Stock Exchange.

The Simpson Thacher team for the transaction included Jin Hyuk Park, Johneth Chongseo Park and David S. Joo (corporate) and Robert Holo and Devin Heckman (tax).

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