New Issue: South Korea’s Woori Bank prices $350 million 2 5/8% notes due 2020 at 135 bps spread

By Christine Van Dusen

Atlanta, Jan. 14 – South Korea’s Woori Bank priced $350 million 2 5/8% notes due July 22, 2020 (expected ratings: A1//A-) at 99.649 to yield 2.694%, or Treasuries plus 135 basis points, on Wednesday, a market source said.

Barclays, Commerzbank, Deutsche Bank, HSBC, Nomura and Standard Chartered Bank were the bookrunners for the Regulation S deal.

The lender is based in Seoul.

Issuer:	Woori Bank
Amount:	$350 million
Maturity:	July 22, 2020
Description:	Senior notes
Bookrunners:	Barclays, Commerzbank, Deutsche Bank, HSBC, Nomura, Standard Chartered Bank
Coupon:	2 5/8%
Price:	99.649
Yield:	2.694%
Spread:	Treasuries plus 135 bps
Trade date:	Jan. 14
Settlement date:	Jan. 22
Expected ratings:	Moody’s: A1
	Fitch: A-
Distribution:	Regulation S

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