Lead manager JPMorgan begins marketing today for a $200 million 10 non-call five offering by Woori Bank. This represents the first time that Woori has accessed the market in its own name following the jumbo re-capitalization bonds undertaken by Hanvit Bank in February 2000 prior to the bank's re-organisation under the Woori umbrella.
The deal, which is being launched by the bank rather than the holding company, is expected to price either Wednesday or Thursday, following the completion of one-on-ones in London. Woori is expected to benefit from its status as the second largest financial grouping in Korea and investor familiarity with the credit.
Those that purchased the original lower...
