Woori Financial Group Issues 200 Billion KRW of Hybrid Capital Securities

ESG Bond Format

Woori Financial Group announced on the 1st that it has successfully issued KRW 200 billion worth of won-denominated hybrid capital securities in the form of ESG (Environmental, Social, and Governance) bonds.

The newly issued hybrid capital securities are classified as "social bonds," used for win-win finance such as supporting socially vulnerable groups, and received the highest ESG certification rating of "S1." The issuance date is set for the 7th, and the bonds are perpetual with a call option available after 5 years.

In the demand forecast conducted on the 31st of last month, a total effective demand of KRW 700 billion was attracted, recording a subscription amount 3.5 times the issuance amount.

With the issuance of KRW 200 billion in hybrid capital securities, Woori Financial Group's BIS (Bank for International Settlements) based capital adequacy ratio is expected to increase by approximately 9 basis points (1bp = 0.01 percentage points).

A Woori Financial Group official stated, “Although bond investment sentiment has been dampened due to sustained high interest rates, we succeeded in issuing the hybrid capital securities at the lowest spread since the establishment of the holding company,” adding, “We will continue to actively practice ESG management that faithfully fulfills social responsibilities and strengthen our loss absorption capacity to prepare for economic uncertainties, thereby solidifying the foundation for sustainable growth.”

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