Woori Financial Group Successfully Issues 400 Billion KRW of New Hybrid Capital Securities

[Asia Economy Reporter Kim Hyo-jin] Woori Financial Group announced on the 6th that it has successfully issued 400 billion KRW worth of hybrid capital securities (contingent capital securities).

The capital securities issued this time are the first hybrid capital securities issued by a domestic financial holding company this year. In the demand forecast conducted on the 29th of last month, Woori Financial Group received valid demand of 555 billion KRW, exceeding the registered amount of 250 billion KRW in the securities registration statement, and decided to issue an additional 150 billion KRW.

The issuance interest rate is 3.34% (spread 192bp), and it is a perpetual bond with the option for early redemption after 5 years. Through this, Woori Financial Group's capital adequacy ratio (BIS) is expected to increase by about 17bp.

A Woori Financial Group official said, "Thanks to the high interest from investors following last year, we succeeded in issuing at the lowest spread among the hybrid capital securities issued by Woori Financial," adding, "We will continue to strengthen our loss absorption capacity sufficiently to prepare for recent financial market volatility and other domestic and international uncertainties."

Meanwhile, Woori Financial Group has been issuing hybrid capital securities and subordinated bonds worth 2.35 trillion KRW by Woori Financial Group, subordinated bonds worth 300 billion KRW by Woori Bank, and foreign currency hybrid capital securities worth 550 million USD since last year to strengthen capital adequacy and secure investment capacity.

This content was produced with the assistance of AI translation services.