Woori scores with AT1 return

The Korean bank takes advantage of prevailing wind for bank capital instruments.

Woori Bank ventured back into the Additional Tier 1 capital AT1 sector for the third time in its history on Monday, selling a $500 million deal which attracted a much stronger order book than its previous two forays.

Woori, Korea's second largest bank by assets, is still the only one from the country to have raised AT1 capital, having first opened the sector in June 2015.

This time round it found a much better market window, attracting a final order book of $1.5 billion.

By contrast, Woori was only able to secure $850 million demand for its last $500 million...

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