-StanChart Korea receives capital infusion
Global Banking News - 17 January 2019
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Subordinated bonds yield higher returns, but have low protection.
The lender has approved a structural improvement plan that calls for the issuance of 10-year subordinated bonds worth KRW600bn.
The firm said that it has received an investment worth KRW100bn. This is the first time in 11 years that the parent company has infused money into the unit.
Standard Chartered Bank Kore...