Shinhan Investment & Securities said on the 10th that the 50 billion won special offer of the first "Shinhan Premier bills" launched on the 9th sold out in half a day.
Shinhan Premier bills are bills with maturities within one year issued directly by Shinhan Investment & Securities, and are products that pay principal and interest according to the agreed yield.
The bills come in on-demand, contract, and special-offer types. The on-demand type carries a pre-tax annual rate of 2.50%, the contract type carries a pre-tax annual rate of 2.30–3.30% depending on the term, and the special-offer type carries a pre-tax annual rate of 3.80–4.00% depending on the conditions. The special offer sold with a 20 billion won cap for customers in their 20s and 30s offers a pre-tax annual rate of 4.0%.
From the first year of launching the bills, Shinhan Investment & Securities plans to invest 35% of the funds raised in venture capital and actively pursue productive finance under Shinhan Financial Group's banner of "K-growth, K-finance."
Lee Seon-hun, head of Shinhan Investment & Securities, said, "We will execute venture-capital investments accompanied by investor protection and risk management through the domestic leading Shinhan Financial Group network and the investment know-how accumulated over many years."