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.
September 19, 2016
Woori Bank, the second-largest lender in Korea, priced a $500 million additional tier-1 (AT1) bond at a yield of 4.5% on Tuesday night. But the bank's decision to come to the market ahead of a US interest rate decision appeared to have limited demand for the deal.
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