Korea's Woori Bank plans to market hybrid bonds beginning Friday

By Reshmi Basu

New York, April 18 - Woori Bank plans to start a roadshow for a benchmark-sized offering of dollar-denominated hybrid bonds (Baa2/BBB/BBB+) this week, according to a market source.

Simultaneous roadshows are scheduled to start in Singapore and Los Angeles on Friday and in London and Boston on Monday, wrapping up in New York on Tuesday.

The bonds are expected to carry a 30-year tenor and will be non-callable for 10 years.

Credit Suisse, Merrill Lynch, HSBC, ABN Amro, Deutsche Bank and Woori Investment and Securities are managers for the Rule 144A and Regulation S deal.

The issuer is a financial institution based in Seoul, Korea.

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