Banks are considering issuing bonds that will be privately offered to other lenders, in a fresh attempt to raise money, as the financial authorities are pressing them to refrain from issuing bonds that are publicly put up for sale on the market, according to multiple lenders, Monday.The private offering of bonds has never taken place in the banking industry before, while the public offering of bonds has been a widely practiced way to generate capital, as banks bonds are highly creditworthy and therefore popular among investors.
South Korean banking groups have been picking up the pace of expansion in Vietnam, eyeing financial clout in one of the fastest growing Asian economies. Shinhan Financial Group, South Korea’s No.2 bank by total assets, is at the forefront of the movement. Its flagship commercial bank’s Vietnam subsidiary Shinhan Bank Vietnam opened three new branches in a single day on July 29. Shinhan Bank Vietnam curre.