Shinhan targets $7bn for largest South Korea deal

Shinhan Financial Group, a South Korean financial services firm, is planning to raise domestic debt and equity to finance its multi-billion dollar bid for a rival credit card company, set to be the country's largest takeover to date.

Shinhan has targeted 6.7 trillion Korean won ($6.97bn) in debt and equity financing for its estimated $7.5bn for credit card company LG Card.

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