Woori nabs $300m from tier two return

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By Morgan Davis
31 Jul 2018

South Korea’s Woori Bank returned to the debt market on Monday, raising $300m from a Basel III-compliant tier two bond.

Bookrunners Bank of America Merrill Lynch, Commerzbank, Crédit Agricole, HSBC and JP Morgan began marketing the subordinated 10 year bullet at the 240bp over US Treasuries area on Monday morning local time.

Credit analysts at Nomura and CreditSights ...

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