Woori executes Korea's debut offshore AT1 deal

Korean bank sets a new benchmark with the lowest ever coupon for an Additional Tier 1 bank capital deal.

Woori executes Korea's debut offshore AT1 deal

Woori Bank provided an important new benchmark for the Asian region on Wednesday when it completed its debut Additional Tier 1 AT1 subordinated bank capital deal.

The transaction not only marks the first AT1 deal of the year from Asia, but is also the first of its kind from Korea. 

Korea's second largest bank is likely to be extremely happy with the result after securing a 5% coupon, the...

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