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Shinhan Bank seeks to raise $2.1 billion by selling shares in the electronics giant.
Shinhan Bank is selling 15 million Samsung Electronics shares to raise $2.1 billion.
KEY POINTS
- The shares are priced at a 2.5% discount to Samsung's April 8 closing price.
- The conversion price for the deal is set at 1,478 won per U.S. dollar.
- BofA Securities, JPMorgan, Citi, UBS, and Shinhan Securities are joint bookrunners for the sale.
COMPANIES
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