Published on 10/4/2019 in the Prospect News Emerging Markets Daily.
New Issue: South Korea’s Woori Bank sells $550 million 4¼% perpetual notes
By Marisa Wong
Los Angeles, Oct. 4 – Woori Bank issued $550 million of 4¼% tier 1 subordinated perpetual notes on Thursday, according to a notice.
Citigroup Global Markets Inc., Credit Agricole CIB, Hongkong and Shanghai Banking Corp. Ltd., Merrill Lynch International and Woori Global Markets Asia Ltd. are the bookrunners for the Regulation S and Rule 144A offering.
The bank is based in Seoul, South Korea.
| Issuer: | Woori Bank
|
| Issue: | Tier 1 subordinated notes
|
| Amount: | $550 million
|
| Maturity: | Perpetual
|
| Bookrunners: | Citigroup Global Markets Inc., Credit Agricole CIB, Hongkong and Shanghai Banking Corp. Ltd., Merrill Lynch International and Woori Global Markets Asia Ltd.
|
| Coupon: | 4¼%
|
| Settlement date: | Oct. 4
|
| Distribution: | Regulation S and Rule 144A
|
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