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Prospect News home > News index > List of issuers W > Headlines for Woori Card Co., Ltd. > News item
Published on 7/5/2023 in the Prospect News Emerging Markets Daily.

Woori Card swaps benchmark on floating-rate notes due 2025

Chicago, July 5 – Woori Card Co., Ltd. updated the offering circular relating to its $100 million floating-rate notes due Oct. 16, 2025 (ISIN: XS2236381476) to replace the benchmark rate.

From July 16, interest will be at daily SOFR plus 126.162 basis points instead of Libor plus 100 bps. The margin includes a credit spread adjustment of 26.161 bps.

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


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