Business Context and Reporting Period
This Form 6-K filing by Shinhan Financial Group Co., Ltd. covers the month of October 2004. The report details a specific capital market transaction executed by Shinhan Bank, a major banking subsidiary of the Group.
Key Financial Metrics and Transaction Details
The filing does not provide consolidated revenue, profit, cash flow, or margin data for the period. The primary financial event reported is the issuance of debt:
- Instrument: Euro Medium Term Notes
- Principal Amount: USD 50,000,000
- Issuer: Shinhan Bank
- Trade Date: October 26, 2004
- Issue Date: November 5, 2004
- Maturity Date: November 5, 2007
- Coupon Rate: USD 3-month LIBOR plus 35 basis points
- Payment Frequency: Quarterly
- Dealer: BNP Paribas
Material Changes
The filing does not provide comparative financial data against prior periods. The material change reported is the decision to increase debt obligations by USD 50 million through the new note issuance.
Outlook, Risks, and Management Commentary
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the terms of the note issuance. The transaction is presented as a standard debt financing activity.
Key Facts for Investor Verification
- Verify the impact of the USD 50 million debt issuance on the Group's overall leverage ratios.
- Confirm the interest rate exposure given the floating rate structure (LIBOR + 35 bps).
- Check subsequent filings for the actual closing of the notes on November 5, 2004.
- Note that this filing does not contain full financial statements for the period.