KDIC sells $1.03 billion of Woori stock at 0% discount

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.

The Korean government has sold another 9% of Woori Finance Holdings, through a share placement that attracted a lot of attention among international investors. The sale was increased from a 7% stake initially and priced at a 0% discount for a total deal size of W1.16 trillion $1.03 billion. 

This was the second Korean placement in a month to price flat to the market, which is testament to the strong desire among international investors to increase their exposure...

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