New Issue: South Korea’s Woori Card lists $200 million five-year social notes

By Rebecca Melvin

New York, March 23 – Woori Card Co., Ltd. issued $200 million of 1.75% senior notes due 2026 (A3) on Tuesday, according to a notice.

The proceeds of the notes will be used to finance eligible social financing projects that benefit micro, small- and medium-sized merchants as identified in the company’s social bond management framework, according to a ratings agency notice.

SG Securities (HK) Ltd., Taipei Branch, HSBC Bank (Taiwan) Ltd., Credit Agricole CIB, Taipei Branch, Capital Securities Corp., Cathay United Bank Co. Ltd., Fubon Securities Co. Ltd., KGI Bank Co. Ltd., President Securities Corp. and Taishin International Bank Co. Ltd. were the bookrunners of the Regulation S notes.

The issuer is a subsidiary of Seoul, South Korea-based Woori Bank.

Issuer:	Woori Card Co., Ltd.
Issue:	Senior notes
Amount:	$200 million
Maturity:	March 23, 2026
Bookrunners:	SG Securities (HK) Ltd., Taipei Branch, HSBC Bank (Taiwan) Ltd., Credit Agricole CIB, Taipei Branch, Capital Securities Corp., Cathay United Bank Co. Ltd., Fubon Securities Co. Ltd., KGI Bank Co. Ltd., President Securities Corp. and Taishin International Bank Co. Ltd.
Coupon:	1.75%
Issue date:	March 23
Listing date:	March 24
Rating:	Moody’s: A3
Distribution:	Regulation S

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