New Issue: South Korea's Woori Bank prices $1 billion 4¾% 10-year notes at 207.5 bps spread

By Christine Van Dusen

Atlanta, April 23 - South Korea's Woori Bank priced $1 billion 4¾% 10-year notes (Baa3) at 99.953 to yield 4.756%, or Treasuries plus 207.5 basis points, a market source said.

Barclays, BofA Merrill Lynch, BNP Paribas, Credit Agricole, HSBC, JPMorgan and Nomura Securities were the bookrunners for the Basel III-compliant, Rule 144A and Regulation S notes.

The proceeds will be used for general corporate purposes.

The lender is based in Seoul.

Issuer:	Woori Bank
Amount:	$1 billion
Maturity:	April 30, 2024
Description:	Notes
Bookrunners:	Barclays, BofA Merrill Lynch, BNP Paribas, Credit Agricole, HSBC, JPMorgan, Nomura Securities
Coupon:	4¾%
Price:	99.953
Yield:	4.756%
Spread:	Treasuries plus 207.5 bps
Trade date:	April 23
Settlement date:	April 30
Rating:	Moody's: Baa3
Distribution:	Rule 144A and Regulation S

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