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Published on 11/6/2006 in the Prospect News Emerging Markets Daily.

Citibank Korea calls 6.95% notes due 2011

By Laura Lutz

Des Moines, Nov. 6 - Citibank Korea Inc., formerly KorAm Bank, announced it will redeem the KorAM 6.95% upper tier II subordinated notes due Dec. 6, 2011.

The notes will be redeemed on Dec. 6.

Citibank Korea has already received regulatory approval for the buyback.

Citibank Korea is a Seoul-based consumer, corporate and investment bank.


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