Woori Bank Raises US$600 Million Through Issuance of ESG Bonds

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by KnowESG

Woori Bank successfully issued senior bonds totalling $600 million. The five-year ESG bonds have a coupon rate of 4.875 per cent.

The orders totalled US$8.1 billion, making them the largest among foreign currency-denominated bonds issued by South Korean financial institutions since 2015. Before the issuance, the bank met investors in New York, London, and Los Angeles.

“The orders topped US$4.5 billion at noon and US$8 billion in the evening,” the bank explained, adding, “In addition, the ratio of those from the United States and Europe topped 45 per cent this time, whereas the past average is 16 per cent or so.”

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Source: BusinessKorea