Woori prepares AT1 ahead of Fed meeting

South Korea's second-largest lender set to print new additional tier one debt, turning to the market on the cusp of a crucial interest rate meeting in the US.

Woori Bank is poised to become the first South Korean bank to raise additional tier one capital this year, turning to investors only a day before a crucial interest rate decision in the United States.

Woori wants to return to the bond market on Tuesday, just a day before the US Federal Reserve decides whether or not to hike interest rates.

Bankers were reticent about the choice of timing, but appeared confident Woori would be able to get a deal away despite the inevitable rise in volatility around monetary policy meetings.

They think Woori will be helped by the fact that it is a...

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