Korean government primes Woori and Cho Hung offering

Pre-marketing for a $500 million exchangeable into Cho Hung Bank and Woori Financial Holdings will begin on Monday.

A deal which has, to date, elicited little but criticism from Asian equity professionals looks like it will be the first to benefit from the country's one notch upgrade yesterday Tuesday to BBB by Standard Poor's.

Many had expected roadshows to begin this week. However, the formal start date has been pushed back until after Thanksgiving next Thursday November 22 because of the additional time needed to acquire all the necessary sign-offs from the Korean Ministry of Finance Economy,...

To continue reading, please login or register for free

Click for more on: korean | government | primes | woori | cho | hung | offering

Print Edition

FinanceAsia Print Edition