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S&P rates Woori Bank bonds A-
Standard & Poor's said it assigned an A- rating to Woori Bank's ¥24.3 billion senior unsecured bonds with a coupon rate of 0.77% due Feb. 5, 2015 and ¥5.7 billion senior unsecured bonds with a coupon rate of 0.87% due Feb. 5, 2016.
The proceeds will be used to repay maturing bonds.
The bonds will constitute direct, unconditional, unsecured and unsubordinated obligations of the bank, S&P said.
They will rank pari passu with all other unsecured and unsubordinated obligations of the bank, the agency said.
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