UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16
Under the Securities Exchange Act of 1934
For the Month of October 2021
SHINHAN FINANCIAL GROUP CO., LTD.
(Translation of registrant's name into English)
20, Sejong-daero 9-gil, Jung-gu, Seoul 04513, Korea
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F √ Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1): _______
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7): _______
Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes No___√___
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- n/a .
Please refer to Exhibit 99.1.
EXHIBIT INDEX
Exhibit No. |
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Description |
99.1 |
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Shinhan Bank’s Board made a resolution to issue a Write-down Contingent Capital Securities |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Shinhan Financial Group Co., Ltd. |
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(Registrant) |
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Date: October 8, 2021 |
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By: |
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/s/ Roh Yong-hoon |
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Name: Roh Yong-hoon |
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Title: Chief Financial Officer |
Exhibit 99.1
Shinhan Bank’s Board made a resolution to issue a Write-down Contingent Capital Securities
On October 8, 2021, the board of directors of Shinhan Bank made a resolution to issue KRW-denominated Write-down Contingent Capital Securities.
1. Purpose of issuance: To maintain capital requirements under the Basel III
2. Details of issuance:
Type of Securities |
Write-down Contingent Capital Securities (Basel 3 Compliant Tier2 Subordinated Debt) |
Total Amount of Issuance Limit |
KRW 300 billion |
Maturity of Securities |
Within 15 years from the date of issuance |
Point of Non-Viability |
Under Article 2 of the Act on the Structural Improvement of the Financial Industry, the total amount of the contingent capital securities (including interests) will be written off without any prior consent or approval from related parties if the issuing company is designated as an insolvent financial institution. |
* The details of issuance and interest rate will be delegated to the CEO of Shinhan Bank.