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Prospect News home > News index > List of issuers Tenders > Headlines for 2022 > News item
Published on 4/27/2022 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Woori Bank to redeem early $500 million 5¼% tier 1 notes on May 16

By Rebecca Melvin

New York, April 27 – Woori Bank notified bondholders that it has elected to exercise an early redemption option for its $500 million 5¼% tier 1 subordinated notes (ISINs: US98105FAF18, US98105HAF73).

The redemption will occur on May 16 for a price per bond of $1,026.25, representing the par amount and $26.25 of accrued interest, according to a April 14 notice.

The notes must be surrendered to the paying agent, DB Services Americas Inc.

The lender is based in Seoul, South Korea.


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