Hanmi Financial closes USD 55 million subordinated notes offering
HAFC•Subordinated notes offering closed
Hanmi Financial closed a USD 55 million private placement of fixed-to-floating rate subordinated notes.
- Net proceeds are earmarked to redeem USD 110 million of outstanding callable subordinated notes, with remaining funds for general corporate purposes.
- The notes mature July 31, 2036, and pay 6.5% fixed for five years, then float quarterly at three-month SOFR + 234 bps.
- The notes are callable at par from July 31, 2031 on any interest payment date and are structured to qualify as Tier 2 capital.
