By Aaron Hochman-Zimmerman
New York, July 27 - Woori Bank priced $800 million of five-year six-month bonds (A2/A-/A-) at a spread of Treasuries plus 450 basis points, according to a market source.
The 7% bonds priced at 99.578 to yield 7.094%.
Bank of America Merrill Lynch, Morgan Stanley, Nomura and RBS acted as bookrunners for the deal.
Woori Bank is a financial institution based in Seoul, South Korea.
Issuer: Woori Bank
Issue: Global bonds
| Amount: | $800 million
|
| Maturity: | Feb. 2, 2015
|
| Coupon: | 7%
|
| Price: | 99.578
|
| Yield: | 7.094%
|
| Spread: | Treasuries plus 450 bps
|
| Bookrunners: | Bank of America Merrill Lynch, Morgan Stanley, Nomura, RBS
|
| Pricing date: | July 27
|
| Settlement date: | July 31
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A-
|
| Fitch: A-
|
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