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Prospect News home > News index > List of issuers W > Headlines for Woori Bank > News item
Published on 2/12/2009 in the Prospect News Emerging Markets Daily.

Korea's Woori Bank will not call $400 million 5¾% notes due 2014

By Devika Patel

Knoxville, Tenn., Feb. 12 - Woori Bank announced that, due to current adverse market conditions, it has elected not to redeem its $400 million 5¾% lower tier II subordinated notes due 2014.

The notes have a March 13 call date. After March 13, the coupon will reset.

Woori Bank is a financial institution based in Seoul, Korea.


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