Woori prepares to make Kangaroo bond debut

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By Frank Jackman
06 Oct 2020

Woori Bank is set to make its Kangaroo bond debut, seeking to tap the Australian dollar market to fund its coronavirus response.

The South Korean bank, rated A1/A/A-, mandated MUFG, Nomura and Westpac to arrange a series of investor calls that began on Wednesday. A senior unsecured Covid-19 recovery sustainability bond of between three and four years in duration will follow, subject to market conditions.

The deal ...

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