Woori Bank Issues 300 Billion Won Subordinated Bonds... "BIS Ratio Up 0.19%P" View original image

[Asia Economy Reporter Kim Hyo-jin] Woori Bank announced on the 8th that it has successfully issued conditional capital securities (subordinated bonds) worth 300 billion KRW.


The subordinated bonds, with a 10-year maturity, were issued at a fixed interest rate of 1.94% per annum, which is the 10-year government bond yield plus 0.65 percentage points.


Woori Bank stated, "Due to strong bids from institutional investors, we issued 50 billion KRW more than planned."



Accordingly, Woori Bank estimated that its BIS capital adequacy ratio would increase by 0.19 percentage points from 15.4% at the end of last year.


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