woori bank

Woori Bank prints an aggressive $500 million lower tier-2 deal and the bonds tighten in secondary trading.

Brace yourself for more new issues. A flurry of investor meetings for Megaworld, Winsway and Woori Bank are set to hit the market.

Woori secures a $4 billion order book, taking advantage of cashed-up investors looking for investment-grade Korean debt.

Strong and lumpy demand from international investors results in the government sell-down becoming the second Korean placement in a month to price flat to the market.

India's Bank of Baroda raises $350 million and Korea's Woori pockets $500 million, both taking advantage of the current steepness in the yield curve between five and six years to lure investors with a higher coupon.

Woori Bank's new 5.5-year dollar bond issue attracts strong demand, but there are also complaints that it was priced too generously.