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Shinhan Bank to Raise $2.1 Billion via Sale of Samsung Electronics Shares

Provided by Dow Jones Apr 9, 2026, 2:14:00 AM

By P.R. Venkat

Samsung Electronics shareholder Shinhan Bank seeks to raise $2.1 billion by selling shares in the electronics giant.

The Shinhan Financial Group unit is offering 15 million shares at 205,237 won each, representing a 2.5% discount to Samsung Electronics' April 8 closing price of 210,500 won, according to a term sheet seen by The Wall Street Journal.

The conversion price was fixed at 1,478 won against the U.S. dollar, the term sheet showed.

BofA Securities, JPMorgan, Citi, UBS and Shinhan Securities are serving as joint bookrunners on the deal.

Write to P.R. Venkat at venkat.pr@wsj.com

(END) Dow Jones Newswires

April 08, 2026 22:14 ET (02:14 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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